What does savings bank mean?
Definitions for savings bank
sav·ings bank
This dictionary definitions page includes all the possible meanings, example usage and translations of the word savings bank.
Princeton's WordNet
savings banknoun
a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
savings bank, coin bank, money box, banknoun
a container (usually with a slot in the top) for keeping money at home
"the coin bank was empty"
Wiktionary
savings banknoun
A type of financial institution that focuses on retail banking: savings of private depositors, payments, credits and insurances for individuals or small and medium-sized enterprises.
ChatGPT
savings bank
A savings bank is a financial institution that primarily accepts savings deposits and pays interest on those deposits. These banks may also offer other services like loans, mortgages, and checking accounts. They are often committed to promoting and supporting saving habits among individuals, offering a secure place for people to store their money with the benefit of earning interest on the amount saved.
Wikidata
Savings bank
A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions. In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to all strata of the population. In some countries, savings banks were created on public initiative, while in others, socially committed individuals created foundations to put in place the necessary infrastructure. In 1914, the New Student's Reference Work said of the origins: Nowadays, European savings banks have kept their focus on retail banking: payments, savings products, credits and insurances for individuals or small and medium-sized enterprises. Apart from this retail focus, they also differ from commercial banks by their broadly decentralised distribution network, providing local and regional outreach. ⁕Austria: see Erste Group ⁕Brazil: see Caixa Econômica Federal ⁕Communist Czechoslovakia: see Economy of Communist Czechoslovakia ⁕Germany: see Sparkassen ⁕New Zealand: Savings banks ceased to exist in 1987 as an official type of bank, being replaced with registered banks
Matched Categories
Numerology
Chaldean Numerology
The numerical value of savings bank in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of savings bank in Pythagorean Numerology is: 2
Translations for savings bank
From our Multilingual Translation Dictionary
- caixa d'estalvisCatalan, Valencian
- SparkasseGerman
- caja de ahorrosSpanish
- hoiupankEstonian
- säästöpankkiFinnish
- caisse d'épargne, banque d'épargneFrench
- 貯蓄銀行Japanese
- bank oszczędnościowyPolish
- сберкасса, сберегательная касса, сбербанк, сберегательный банкRussian
- štedionica, штедионицаSerbo-Croatian
- ощадний банкUkrainian
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"savings bank." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/savings+bank>.
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