Mutual Savings Bank
Definition
A savings bank that is owned by, and operated for the benefit of, its depositors.
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Related Terms
mutual company
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Introduction to Banking Learn about the basics of banking, as well as alternatives to banks, such as credit unions, brokerages and mutual funds.

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Types of Accounts Find out about the different types of bank accounts that are available, including savings accounts, checking accounts, money market deposit accounts (MMDAs) and certificates of deposit (CDs).

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