What is the meaning of savings institution?

savings institution is a financial intermediary established to promote thrift by accepting savings from the public. Savings institutions include both savings and loan associations and savings banks. Savings institutions are also called thrift institutions.

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APABarry Goldsmith. (2010). savings institution. Retrieved September 22, 2026, from http://smartdefine.org/savings_institution/definitions/1162935
ChicagoBarry Goldsmith. 2010. "savings institution" http://smartdefine.org/savings_institution/definitions/1162935 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, savings institution, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/savings_institution/definitions/1162935>.
MLABarry Goldsmith. "savings institution" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/savings_institution/definitions/1162935>