savings bank

/ˌseɪvɪŋz bæŋk/

Other forms: savings banks

Definitions of savings bank

1. noun

   a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
   types:

   MSB, mutual savings bank

   a state-chartered savings bank owned by its depositors and managed by a board of trustees

   FSB, federal savings bank

   a federally chartered savings bank

   type of:

   thrift institution

   a depository financial institution intended to encourage personal savings and home buying
2. noun

   a container (usually with a slot in the top) for keeping money at home
   synonyms: bank, coin bank, money box

   types:

   penny bank, piggy bank

   a child's coin bank (often shaped like a pig)

   type of:

   container

   any object that can be used to hold things (especially a large metal boxlike object of standardized dimensions that can be loaded from one form of transport to another)