Savings elementThe 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 The premium is applied to give both life cover plus a savings element which is allowed to grow tax deferred until withdrawn.
Savings elementUsed 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.
Federal Savings and Loan AssociationFederal 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 rateSavings rate
Personal savings as a percentage of disposable personal income.
Savings bankSavings bank
An institution that primarily accepts consumer savings deposits and to make home mortgage loans.
National Savings BankNational Savings Bank
The savings bank operated by the government's Department of National Savings. The majority of business is carried out through the Post Office.
Savings Association Insurance Fund (SAIF)Savings Association Insurance Fund (SAIF)
A government organization that ../../finance-glossary/d the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions.
Further SuggestionsFinancing Cost Savings
Bonds Enabling Annual Retirement Savings (BEARS)
Mutual savings bank
National Savings Stock Register
Registered Retirement Savings Plan (RRSP)
Tax Exempt Special Savings Account
mutual savings bank
Savings and loan association
individual savings account
Post Office Savings
lifelong individual savings account
Savings And Loan Association
Individual Savings Account
Mutual Savings Bank
savings and loan association