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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
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
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Word History
First Known Use
1813, in the meaning defined above
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
Britannica.com: Encyclopedia article about savings bank
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