What is another word for savings bank trust?
Pronunciation: [sˈe͡ɪvɪŋz bˈaŋk tɹˈʌst] (IPA) 
A savings bank trust is a type of financial institution that primarily deals with savings deposits and manages investment funds. The term can also be used interchangeably with the words thrift, savings and loan association, or even credit union. Each of these synonyms shares the same purpose of offering a safe place for people to deposit and save their money. Other synonyms for savings bank trust include building society, cooperative bank, and mutual savings bank. The main difference between these institutions is the way they are owned and operated, but they all provide similar services and are governed by the same regulations.
