follow Dictionary.com

How do you spell Hannukah?

mutual savings bank

noun
1.
a noncapitalized savings bank that distributes its net earnings to depositors.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
Examples from the web for mutual savings bank
  • The state statutes and regulations detail the process for converting from a mutual savings bank to a capital stock bank.
  • Formation of a mutual holding company by a mutual savings bank.
British Dictionary definitions for mutual savings bank

mutual savings bank

noun
1.
(mainly US) a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source

Word of the Day

Difficulty index for mutual savings bank

Few English speakers likely know this word

Word Value for mutual

8
12
Scrabble Words With Friends