savings bank

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Thân thiện
savings bank

A child puts a coin into the savings bank on their dresser.

Definition
  1. Noun:
    • A container for keeping money at home: A "savings bank" is a small, secure container, often with a slot in the top, used by individuals to store coins and sometimes bills at home. It encourages saving money.
    • A type of financial institution: A "savings bank" is a depository institution, historically focused on accepting savings deposits and providing mortgages. In some regions, like the northeastern United States, they now offer a wide range of services similar to commercial banks.
Usage Examples

  • Noun (Container):

    • As a child, I dropped my allowance into my piggy savings bank every week.
    • She shook her ceramic savings bank to hear the coins jingle inside.

  • Noun (Financial Institution):

    • I opened my first account at a local savings bank.
    • The savings bank on the corner offers very competitive mortgage rates.
Advanced Usage
  • "Mutual savings bank": A specific type of savings bank that is owned by its depositors rather than shareholders.
    • The oldest mutual savings bank in the country was founded to serve the community.
Variants and Related Words
  • Bank (n): A broader term for a financial institution that handles deposits, loans, and other services.
  • Thrift (n): Another term for a savings and loan association or savings bank, emphasizing its purpose of encouraging thrift.
  • Piggy bank (n): A colloquial term for a small container used by children to save coins, synonymous with the first meaning of "savings bank."
Synonyms
  • Coin bank (for the container meaning).
  • Thrift institution (for the financial institution meaning).
Related Phrases
  • Savings account: A deposit account held at a bank that earns interest, typically offered by a savings bank.
    • The savings bank promoted its high-yield savings account.
Notes on Meaning

The word "savings bank" has two distinct meanings. The first refers to a physical object for personal storage of money. The second refers to a specific type of financial business. The context of the sentence makes it clear which meaning is intended.

savings bank

A child puts a coin into the savings bank on their dresser.

Noun
  1. a container (usually with a slot in the top) for keeping money at home
    • the coin bank was empty
  2. a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks

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