savings bank

noun

Definition of savings bank

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

First Known Use of savings bank

1813


SAVINGS BANK Defined for English Language Learners

savings bank

noun

Definition of savings bank for English Language Learners

  • : 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.


Law Dictionary

savings bank

legal Definition of savings bank

see bank

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