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thrift institution vs savings bank

savings bank vs thrift institution

thrift institution and savings bank both are nouns.

Word NounAdjectiveVerbAdverb
thrift institution Yes No No No
savings bank Yes No No No
As nouns, savings bank is a hyponym of thrift institution; that is, savings bank is a word with a more specific, narrower meaning than thrift institution:
  • thrift institution: a depository financial institution intended to encourage personal savings and home buying
  • savings bank: a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
Other hyponyms of thrift institution include savings and loan, savings and loan association.
thrift institution (noun) savings bank (noun)
a depository financial institution intended to encourage personal savings and home buying a container (usually with a slot in the top) for keeping money at home
a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
Difference between thrift institution and savings bank

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