savings bank (B1)
noun phrase
Pronunciation: /ˈseɪvɪŋz bæŋk/
Definition
A financial institution that accepts deposits and provides loans, especially for personal savings.
Examples
She opened an account at the savings bank to save for her wedding.
The savings bank offered a high-yield savings account with no monthly fees.
How to Use savings bank
- open a savings bank account (collocation)
- to create a new account at a savings bank — "She went to the bank to open a savings bank account."
- deposit money into a savings bank (prepositional phrase)
- to put money into a savings bank account — "He deposited his paycheck into his savings bank account."
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