savings bank
1
2.7
- noun
- /ˈseɪvɪŋz bæŋk/
- Specialized
:
caja de ahorros
- The very concept of a postal savings bank makes storing your hard-earned income less intimidating for laborers than the palatial banks of the 19th century.
Perhaps his most significant building is the Postal Savings Bank on the Ring Strasser.
- Perhaps his most significant building is the Postal Savings Bank on the Ring Strasser.
- The Bank of Scotland, no Clydesdale, no Airdrie Savings Bank.
Examples
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So they're much smaller savings banks and savings and loans than the commercial banks.
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In addition, the government has decided to extend the amount of loans that can be borrowed by the Korea Federation of Savings Banks to support savings banks from the current 600 billion won to 3 trillion won.
Blog text (6) -
The main building is open to the public and still functions as a savings bank.
Blog text (24) -
But analysts expressed concerns that public panic about savings banks could spread.
Blog text (6) -
So they created savings banks to encourage thrift and saving.
-
The total number of state banks includes state-chartered and mutual savings banks.
Academic text (1998) -
Financial authorities are currently working to establish a joint deposit insurance account as a safety net for other financial sectors to curb the spread of possible financial risks from the savings banks.
Blog text (6) -
The government has taken some action, forcing 45 caja savings banks that were threatened by bankruptcy due to bad property loans to consolidate down to 14.
Blog text (2) -
There are three main providers in the state: the Co-operative Central Bank, which insures cooperative banks; the Deposit Insurance Fund, which insures savings banks; and the Massachusetts Share Insurance Corporation, which insures credit unions.
Academic text (2016) -
Many people choose to deposit their money in a savings bank to earn interest on their savings.
Synonyms
∞
1.0
A place where people keep and borrow money
How Commercial
- Specialized
12
3.0
- Specialized
1
2.7
- UK
1
3.4
19
3.6
Surface Forms
Morphology
The constituents 'savings' (money set aside) and 'bank' (a place to store money) transparently signal a relation to storing money, so learners will grasp the general idea of something holding savings. However, the specific sense 'a small container with a slot' (piggy bank) is a metaphorical extension and can be confused with a financial institution, so the exact referent is not fully predictable without exposure.
Etymology
The noun savings bank comes from banks set up to help ordinary people put money aside and earn a little extra. The words savings and bank create the picture of a safe place to 'save' money, so today it means a financial institution that accepts deposits and pays interest.