a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
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savings bank trust::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | savings account trust, totten trust, trust account, trustee account |
| Type of | trust |
Examples of savings bank trust
savings bank trust
This is what depositors have to look into before they trust a bank with their savings.
From the economist.com
Martha Brenner, an 83-year-old Plano resident, keeps her savings in bank certificates of deposit because she doesn't trust the stock market.
From the dallasnews.com
They can avoid losing their savings by talking to their bank or someone they trust at church or in other social groups before giving someone money.
From the stltoday.com
Public trust took a severe knock last month, when the Cyprus government proposed raiding the savings of every bank account holder to meet the terms of a European bailout.
From the rendezvous.blogs.nytimes.com
