Savings Bank (Noun)
Meaning 1
A thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks.
Classification
Nouns denoting groupings of people or objects.
Examples
- The local savings bank provided mortgage loans, credit cards, and other services that attracted many new customers.
- She decided to transfer her checking account to the community savings bank because it offered better rates.
- After deregulation, many savings banks in the northeastern United States expanded their services and operations.
- The town's oldest savings bank celebrated its 150th anniversary by offering special discounts to long-time customers.
- Customers of the regional savings bank can use their debit cards to withdraw cash at ATMs all over the country.
Hyponyms
Meaning 2
A container (usually with a slot in the top) for keeping money at home; "the coin bank was empty".
Classification
Nouns denoting man-made objects.
Examples
- She put her spare change into the savings bank every night before bed.
- The child's savings bank was shaped like a cartoon character and had a slot on top for coins.
- He broke open his savings bank to use the money for a new video game.
- The family's savings bank was filled with coins and bills collected over the years.
- She gave her daughter a savings bank to teach her the importance of saving money.