Savings deposits

Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • savings deposits — Accounts that pay interest, typically at below market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand. Bloomberg Financial Dictionary …   Financial and business terms

  • savings and loan — A banking and lending institution chartered either by a state government or the federal government. Savings and loans institutions take savings deposits, upon which they pay interest slightly higher than that paid by most banks, and they make… …   Law dictionary

  • Savings and loan association — A savings and loan association, also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage loans. The term is mainly used in the United States; similar institutions in the United Kingdom …   Wikipedia

  • Savings bank (Spain) — In Spain, a savings bank (Spanish: caja de ahorro or informally just caja , Catalan: caixa d estalvis ) is a financial institution which specializes in accepting savings deposits and granting loans. Their original aim was to create the habit of… …   Wikipedia

  • savings and loan association — noun a thrift institution that is required by law to make a certain percentage of its loans as home mortgages • Syn: ↑savings and loan • Hypernyms: ↑thrift institution • Hyponyms: ↑building society * * * noun : a cooperative association …   Useful english dictionary

  • Savings bank — A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective… …   Wikipedia

  • Savings and Loan association — National or state chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. The New York Times Financial Glossary * * * Savings and Loan Association ˌSavings and ˈLoan Associˌation also… …   Financial and business terms

  • savings and loan association — National or state chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. Bloomberg Financial Dictionary * * * Savings and Loan Association ˌSavings and ˈLoan Associˌation also ˌsavings… …   Financial and business terms

  • savings bank — An institution that primarily accepts consumer savings deposits and to make home mortgage loans. Bloomberg Financial Dictionary * * * savings bank savings bank ➔ bank1 * * * savings bank UK US noun [C] BANKING, FINANCE ► a bank whose main purpose …   Financial and business terms

  • Savings account — Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while… …   Wikipedia

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