savings bank trust

Thesaurus

Noun

1.savings bank trust - 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 beneficiarysavings account trust, Totten trust, trust account, trustee accounttrust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"