savings banks
Where interest accrues
Savings banks are financial institutions that specialize in holding deposits and paying interest to savers, historically distinguished from commercial banks by their focus on individual customers rather than businesses.
They originated to encourage thrift among working-class depositors.
Many have since converted to standard commercial banking or merged with larger institutions, making the distinction less meaningful today.
- building societiesMutual home-loan institutions
- thriftCareful use of resources
- passbookSavings account record
- depositPlace for safekeeping
- opening balanceAmount when records begin
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- GDR Banking
- bankingATM, ATMs, account, accounts, deposit
- financeCFO, controller, finance, treasurer, financial analyst
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- Banking HistoryFederal Reserve, gold standard, Glass-Steagall, FDIC, paper money
- banking termsaccount number, routing number, balance, FDIC, credit check
savings banksinvestment banks
Securities underwriting institutions
investment firms · hedge funds · trading houses · brokerage firms · loan sharks
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