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savings bank

noun

Simple Definition of savings bank

  • : a business where people keep money that they are saving in order to earn interest on it and where they can borrow money to buy homes, cars, etc.

Full Definition of savings bank

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

1817

First Known Use of savings bank

1817


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