savings bank

noun

: a bank organized to hold funds of individual depositors in interest-bearing accounts and to make long-term investments (as in home mortgage loans)

Examples of savings bank in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Avangrid is going on offense at a time when its return on equity, a measure of financial performance set by PURA, has fallen so low that potential investors the company needs to raise capital can earn more by putting money in a savings bank. Edmund H. Mahony, Hartford Courant, 10 Aug. 2024 Walden is a mutual savings bank and a certified B-corporation, or a for-profit corporation certified with a social impact. Medora Lee, USA TODAY, 13 May 2024 Prosecutors may also call company representatives from AT&T, Verizon, T-Mobile, Sprint, a savings bank in Danbury, Apple and Google. Taylor Hartz, Hartford Courant, 15 Jan. 2024 Kolomoisky was the main owner of PrivatBank, the country’s largest savings bank, which was nationalized after he was accused of being responsible for the disappearance of billions of dollars of bank assets. Siobhán O'Grady, Washington Post, 8 Sep. 2023 See all Example Sentences for savings bank 

Word History

First Known Use

1813, in the meaning defined above

Time Traveler
The first known use of savings bank was in 1813

Dictionary Entries Near savings bank

Cite this Entry

“Savings bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20bank. Accessed 22 Nov. 2024.

Kids Definition

savings bank

noun
: a bank that receives and invests savings and pays interest to depositors

Legal Definition

savings bank

see bank

More from Merriam-Webster on savings bank

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!