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 Stock Register

National Savings Stock Register

A register of government stocks (gilts) which can be purchased by the public through the Post Office at favourable rates of commission for moderate purchases and sales. Transactions are conducted by mail and interest is paid gross and is taxable. Despite the name, the Register is now administered by the Bank of England.


Registered Retirement Savings Plan (RRSP)

Registered Retirement Savings Plan (RRSP)

Tax-sheltered retirement plan for Canadian citizens, much like an American IRA.


Federal Savings and Loan Association

Federal Savings and Loan Association

An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans.


Savings rate

Savings rate

Personal savings as a percentage of disposable personal income.


Savings and loan association

Savings and loan association

In the US, a financial institution in which depositors' savings are used to provide home mortgages loans.


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Bonds Enabling Annual Retirement Savings (BEARS)
Financing Cost Savings
Individual Savings Account
Savings bank


 
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