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nouna fund of money put by as a reserve
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Definition that contains savings
- bin an identification number consisting of a two-part code assigned to banks and savings associations; the first part shows the location and the second identifies the bank itself
- banking engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc.
- fsb a federally chartered savings bank
- m3 a measure of the money supply; M2 plus deposits at institutions that are not banks (such as savings and loan associations)
- mutual savings bank a state-chartered savings bank owned by its depositors and managed by a board of trustees
- 401-k plan a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself
- thrift institution a depository financial institution intended to encourage personal savings and home buying
- deposit account a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest
- trustee account a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
- passbook savings account a savings account in which deposits and withdrawals are recorded in the depositor's passbook