Definition of savings bank in US English:

savings bank


  • A financial institution that receives savings accounts and pays interest to depositors.

    • ‘For 130 years, the postal system has served as a local savings bank for anyone with a cent to spare.’
    • ‘In decentralized polities such as nineteenth-century Germany, the political power of farmers and small business led the state to sponsor non-profit financial institutions such as savings banks and cooperative institutions.’
    • ‘This leads him to examine the financial status of the savings bank or the insurance company or the soundness of the bonds he buys.’
    • ‘The savings bank questioned over 2,000 parents about their saving habits via an online survey last month.’
    • ‘The state sold bonds to wealthy investors, and to savings banks, which bought them with the deposits of ordinary working people.’
    • ‘As an industry, commercial and savings banks saw deposits increase about 8% last year.’
    • ‘By 1998, the nation's 10,481 commercial banks and 1,687 savings banks held deposits of more that $5 trillion.’
    • ‘After a dozen years with an elite Manhattan law firm, the prodigy recast himself as a banker in time to save New York's largest savings banks from ruin.’
    • ‘Depositors flocked to the guaranteed state savings banks after the crash.’
    • ‘If you have a lump sum to invest, you could open more than one account with your savings bank.’
    • ‘To keep the farmers going, they strengthened the network of rural savings banks and co-operatives.’
    • ‘It is also a savings bank and even sells insurance policies.’
    • ‘By 1881 Gladstone had a population of 729 people, two commercial banks, a savings bank, a flour mill and a well stocked library in their Institute.’
    • ‘Catholics established their own savings banks and cooperatives, for instance, and confessional unions were established in many factories to keep Catholic workers from falling into the hands of socialist organizers and trade unions.’
    • ‘In 1881 the population was around 260, and the town had two commercial banks, a savings bank and a flour mill.’
    • ‘The savings bank collapsed after the owners and regulators couldn't come to terms on a recapitalization plan.’
    financial institution
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savings bank

/ˈsāviNGz baNGk/