savings bank

American  

noun

1. a bank that receives savings accounts only and pays interest to its depositors.

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savings bank British  

noun

1. a bank that accepts the savings of depositors and pays interest on them

2. a container, usually having a slot in the top, for saving coins

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Etymology

Origin of savings bank

First recorded in 1810–20

Example Sentences

When Jones queried long delays, he says he was told the savings bank was "short staffed".

From BBC • Mar. 26, 2026

These include accounts at a major global commercial bank, a credit union, an online high yield F.D.I.C.-insured savings bank and a low-fee money-market fund with a large, reputable asset management company.

From New York Times • Apr. 21, 2023

In 1816, the first savings bank in the United States, the Philadelphia Savings Fund Society, opened for business.

From Washington Times • Dec. 2, 2020

A standing-room-only crowd of true believers and opportunists crammed into the vast domed hall of a former Gilded Age savings bank in Williamsburg.

From The New Yorker • Oct. 15, 2018

Mr. Allen left Bud’s office and walked across the street to the savings bank.

From "Frindle" by Andrew Clements