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 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 According to its website, Bask Bank launched the first online-only savings bank in the U.S. in 1999 as Texas Capital Bank. Rob Berger, Forbes, 23 Apr. 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

Time Traveler
The first known use of savings bank was in 1813

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 19 Mar. 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

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