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Investments glossary

Thrift Bank


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Quotes of the day:

I believe that the great Creator has put ores and oil on this earth to give us a breathing spell. As we exhaust them, we must be prepared to fall back on our farms, which is God\'s true storehouse and can never be exhausted. We can learn to synthesize material for every human need from things that grow.

— George Washington Carver

A thrift bank is a type of small financial institution that primarily accepts deposits and originates home mortgages. Known also as savings and loan associations, or S&Ls. thrifts differ from larger commercial banks such as Wells Fargo or Bank of America in offering higher savings account yields and limited lending to businesses.


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