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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
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
Backed by two Galician savings banks, Zebra Producciones is now José Velasco’s Iniciativas Digitales.
—John Hopewell, Variety, 16 May 2023
Although Switzerland has dozens of smaller regional and savings banks, including 24 cantonal banks, UBS is now an even more dominant player.
—Hanna Ziady, CNN, 24 Mar. 2023
Aquifers are another kind of hydrological savings bank — and withdrawals can very easily exceed deposits.
—Tom Yulsman, Discover Magazine, 30 Mar. 2019
Lake Mead, situated near Las Vegas, is the giant hydrological savings bank that supplies water to the three lower basin states: Arizona, Nevada and California.
—Tom Yulsman, Discover Magazine, 11 July 2014
Subsidiaries include Northwestern Mutual Investment Services, LLC; the Northwestern Mutual Wealth Management Company, federal savings bank; and Northwestern Long Term Care Insurance Company.
—Joe Taschler, Journal Sentinel, 27 Oct. 2022
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'savings bank.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 2 Jul. 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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