Savings bank in the context of "Depository institution"

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds".

Deposits placed with non-bank fintech financial technology companies are not protected by the FDIC against failure of the fintech company. If the company places the money in an FDIC-insured bank account consumers are protected only under some conditions.

National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department and an executive agency of HM Treasury. The aim of NS&I has been to attract funds from individual savers in the UK for the purpose of funding the government's deficit. NS&I attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. As of 2017, approximately 9% of the government's debt is met by funds raised through NS&I, around half of which is from the Premium Bond offering.

Rua Kēnana Hepetipa (1869 – 20 February 1937) was a Tūhoe prophet, faith healer and land rights activist. He called himself Te Mīhaia Hou, the New Messiah, and claimed to be Te Kooti Arikirangi's successor Hepetipa (Hephzibah) who would reclaim Tūhoe land that had been lost to Pākehā ownership. Rua's beliefs split the Ringatū Church, which Te Kooti had founded in around 1866/1868. In 1907 Rua formed a non-violent religious community at Maungapōhatu, the sacred mountain of Ngāi Tūhoe, in the Urewera. By 1900, Maungapōhatu was one of the few areas that had not been investigated by the Native Land Court. The community, also known as New Jerusalem, included a farming co-operative and a savings bank. Many Pākehā believed the community was subversive and saw Rua as a disruptive influence.

In 1916 police mounted an armed expedition, arriving at Maungapōhatu on 2 April to arrest Rua for sedition. He was found not guilty on this charge but imprisoned for resisting arrest. Rua was released in April 1918 and returned to Maungapōhatu, the community was however in decline and by the early 1930s, most people had left to find work elsewhere. Rua moved on to Matahī in the eastern Bay of Plenty and lived there until his death in 1937.