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

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Registered Retirement Savings Plan (RRSP)

Registered Retirement Savings Plan (RRSP)

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


Savings bond

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A government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates.


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


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 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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