'Savings bank' definitions:

Definition of 'savings bank'

noun

A thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks

noun

A container (usually with a slot in the top) for keeping money at home; "the coin bank was empty" [syn: savings bank, coin bank, money box, bank]

From: GCIDE

Saving \Sav"ing\, n.
1. Something kept from being expended or lost; that which is saved or laid up; as, the savings of years of economy. [1913 Webster]
2. Exception; reservation. [1913 Webster]
Contend not with those that are too strong for us, but still with a saving to honesty. --L'Estrange. [1913 Webster]
Savings bank, a bank in which savings or earnings are deposited and put at interest. [1913 Webster]