savings and loan
Mortgage-issuing thrift bank
A savings and loan is a financial institution that accepts deposits and makes loans, particularly home mortgages.
These institutions historically offered higher interest on savings accounts than banks while specializing in residential lending.
The savings and loan crisis of the 1980s saw hundreds fail due to risky investments and deregulation.
Often abbreviated S&L.
- bankPlace holding deposits
- building societyMember-owned mortgage institution
- credit unionMember-owned financial cooperative
- homebuyerOne purchasing residential property
- thriftCareful use of resources
finance · savings · member-owned · Jimmy Stewart · mortgage · community banking · cooperative bank · investment · account · nest egg · rainy day fund · fixed-rate mortgage · deposit · interest · lender · adjustable-rate mortgage · home financing · savings account
- bankingbank, banks, ATM, ATMs, account
- US bankingFDIC, Fed, national banks, bank runs, bank failures
- financial institutionsbanks, central bank, commercial banks, investment bank, investment banks
- savings institutionssavings bank, thrift, cooperative bank
- cooperative financeco-op, cooperative, credit union, credit unions, cooperative bank
- cooperativesco-op, credit union, worker co-op, housing co-op, co-ops
savings and loancommercial bank
Deposit and loan institution
investment bank · hedge fund · brokerage firm · payday lender · loan shark
saving, saved, savers, saves, savable, loan, loans, loaned, loaning