Savings bank

savings-bank-1752881394641-b20a79

Description

A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks have mostly existed as a separate category in Europe.

ID: savings-bank-1752881394641-b20a79

Share this TL;DR