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)

Examples of savings bank in a Sentence

Recent Examples on the Web Another relative served an eight-year sentence for robbing a savings bank; the €9.8 million ($11.3 million) loot was never recovered. Bojan Pancevski, WSJ, "An Ice-Cream Truck Slaying, Party Drugs and Real-Estate Kings: Ethnic Clans Clash in Berlin’s Underworld," 15 Oct. 2018 Soon an economics professor at Morgan State University opened Baltimore’s first savings bank for black families. Tim Prudente, baltimoresun.com, "Collapse: The rise and deadly fall of a Baltimore rowhouse," 12 July 2018 For the rest of the banking system — a hodgepodge of smaller commercial banks, postal savings banks and other savings institutions — the central bank’s move frees up $31 billion. Keith Bradsher, New York Times, "China Moves to Shore Up Economy as Slowdown and Trade Fight Loom," 24 June 2018 And then there’s Western Massachusetts, home to the most eclectic mix of regional specialties, including educational services, savings banks, vegetable and melon farming, and freestanding emergency medical centers. Evan Horowitz, BostonGlobe.com, "Why regional economies still matter," 16 June 2018 Over in the eastern city of Chemnitz, the nostalgia for Marx in the place that long bore his name led one savings bank to issue credit cards with a picture of the 23-foot-high Marx bust that still stands in the city. Erik Kirschbaum, latimes.com, "Karl Marx is turning 200, and that's creating a stir in Germany, which was literally divided over his ideas," 3 May 2018 Herman Gref, head of state savings bank Sberbank, opened a school called Horoshkola with his wife Yana in Moscow in September, joining billionaire Suleyman Kerimov’s Zarechenskaya Shkola and transport tycoon Nikita Mishin’s Novaya Shkola. Bloomberg.com, "Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.," 12 Feb. 2018 Like other regional Spanish savings banks—known as cajas—the state rescued CajaSur, ousted the priests and engineered a sale. Max Colchester, WSJ, "How to Fix a Holy Banking Mess in Spain? Boot the Priests, Bring in the Bankers," 3 June 2018 Soon an economics professor at Morgan State University opened Baltimore’s first savings bank for black families. Tim Prudente, baltimoresun.com, "Collapse: The rise and deadly fall of a Baltimore rowhouse," 12 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'savings bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of savings bank

1813, in the meaning defined above

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Time Traveler for savings bank

The first known use of savings bank was in 1813

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More Definitions for savings bank

savings bank

noun

English Language Learners 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.

savings bank

Legal Definition of savings bank

see bank

More from Merriam-Webster on savings bank

Spanish Central: Translation of savings bank

Britannica.com: Encyclopedia article about savings bank

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