Federal Savings Bank (Noun)
Meaning
A federally chartered savings bank.
Classification
Nouns denoting groupings of people or objects.
Examples
- The customer decided to open a new account at the federal savings bank downtown to take advantage of its higher interest rates.
- Many savers rely on the federal savings bank for secure, low-risk investments with competitive interest rates.
- Family Young saved their rainy-day fund in the federal savings bank located close to their new home.
- The state pension board chose the federal savings bank to serve as the custodian for state pension funds.
- Goldwater used their bonuses to make substantial savings in the local federal savings bank.