savings bank
Interest-paying depository
A savings bank is a financial institution that accepts deposits, pays interest on them, and invests primarily in mortgages and bonds rather than commercial loans.
Historically distinguished from commercial banks by their focus on individual savers rather than businesses: She opened an account at the local savings bank.
The term now often refers to any bank emphasizing personal savings accounts.
One who counts
- vaultSecure storage chamber
- counterFlat service surface
- branchDivision or woody limb
- cashierTill operator
ledger · passbook · bankbook · deposit slip · withdrawal · transaction · queue · lobby
Steadiness or amount owed
- depositPlace for safekeeping
- interestAttention, stake, or fee
- APYAnnualized compounded interest rate
- minimum balanceLeast funds needed
statement · accrual · earnings · compounding · yield · quarterly · monthly · annual
Saved money for later
- emergency fundReserve for unexpected expenses
- rainy dayPrecipitation-filled twenty-four hours
- college fundSavings for higher education
- retirementLeaving the workforce permanently
down payment · reserve · goal · future · security · cushion · provision · accumulation
Careful use of resources
- budgetingAllocating funds systematically
- prudenceCareful, wise judgment
- economySystem of trade and production
- conservationPreventing waste or loss
self-discipline · moderation · restraint · parsimony · husbandry · resourcefulness · coin jar
Free from peril
- lockMechanism requiring a key
- vaultSecure storage chamber
- alarmUrgent warning signal
- surveillanceSystematic observation of subjects
guard · protection · FDIC insured · guaranteed · fireproof · deposit box · safekeeping
teller
One who counts
cashier · ledger · passbook · bankbook · deposit slip · withdrawal · transaction · queue · lobby · hours
balance
Steadiness or amount owed
minimum balance · statement · accrual · earnings · compounding · yield · quarterly · monthly · annual · maturity
nest egg
Saved money for later
- emergency fundReserve for unexpected expenses
- rainy dayPrecipitation-filled twenty-four hours
- college fundSavings for higher education
retirement · down payment · reserve · goal · future · security · cushion · provision · accumulation · safekeeping
thrift
Careful use of resources
- budgetingAllocating funds systematically
- prudenceCareful, wise judgment
- economySystem of trade and production
conservation · self-discipline · moderation · restraint · parsimony · husbandry · resourcefulness · coin jar
safe
Free from peril
surveillance · guard · protection · FDIC insured · guaranteed · fireproof · deposit box · safekeeping
savings bankchecking account
Bank deposit for transactions
current account · commercial bank · investment bank · merchant bank · brokerage
savings bankpayday lender
High-interest short-term creditor
lending institution · loan shark · credit card company · mortgage lender · pawnshop
savings bankspending spree
Bout of extravagant purchasing
consumption · expenditure · dissipation · splurging · profligacy
bank, save, savings, banker, banking, banks, banked, banknote, bankers