Mutual savings bank


 

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Mutual Savings Bank

An institution owned by its depositors, as evidenced by certificates of deposit rather than stock. These institutions are active in long term real estate financing, as opposed to commercial banks, which concentrates more on short term loans.

Mutual savings bank

In the US, a savings bank which is owned by its depositors.

Mutual savings bank

A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.



Mutual savings bank

Similar Matches

National Savings

National Savings

A variety of savings schemes, backed by the government, in which the public can participate. National Savings publishes a booklet entitled 'Investor's Guide' which describes in detail how it operates and the products it offers. The savings schemes currently include:Capital BondsIncome BondsFirst Option BondsPensioners BondsChildren's Bonus BondsInvestment AccountOrdinary AccountFixed Interest Savings CertificatesIndex Linked Savings CertificatesPremium Bonds


Savings bank

Savings bank

An institution that primarily accepts consumer savings deposits and to make home mortgage loans.


Savings element

Savings element

Used in the context of life insurance, the cash value built up in a policy, which equals the amount of premium paid minus the cost of protection. This excess is invested by the insurance company, and the returns are tax-deferred inside the policy.


Individual Savings Account

Individual Savings Account

Tax-free savings plans that allow the individual to invest in cash, stocks or shares or insurance. 


Savings element

Savings element

The cash value which accumulates within a life insurance policy. The premium is applied to give both life cover plus a savings element which is allowed to grow tax deferred until withdrawn.


Further Suggestions

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National Savings Bank
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Savings deposits
savings and loan association
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Savings And Loan Association
Federal Savings and Loan Association
Registered Retirement Savings Plan (RRSP)
lifelong individual savings account
individual savings account
Savings Association Insurance Fund (SAIF)
Financing Cost Savings
Savings bond
savings account
Tax Exempt Special Savings Account
Post Office Savings


 
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