savings bank

a bank that receives savings accounts only and pays interest to its depositors.

Origin of savings bank

First recorded in 1810–20

Many a humble family drained its savings-bank reservoir to keep the stream of its hospitality flowing.

The Valley of Vision |Henry Van Dyke
Our State has adopted a system of savings-bank insurance, thus reducing the expense.

Have faith in Massachusetts; 2d ed. |Calvin Coolidge
If you want to know, I'm going to that schoolmaster fellow, and going to wring my savings-bank book out of him.

The Great Hunger |Johan Bojer
I think I'd better keep the money, or put it in a savings-bank.

Rufus and Rose |Horatio Alger, Jr

That's better than savings-bank interest, and you can always realize on the bond.

Cappy Ricks |Peter B. Kyne

savings bank

a bank that accepts the savings of depositors and pays interest on them

a container, usually having a slot in the top, for saving coins