caja de ahorros
savings bank
The Spanish term 'caja de ahorros' translates to 'savings bank' in English. A 'savings bank' is a type of financial institution where people primarily deposit funds with the expectation of earning interest over time. It's generally used by individuals for long-term saving and investment strategies.
Example sentences using: caja de ahorros
Abrí una cuenta en la caja de ahorros de mi banco local.
I opened an account at the savings bank of my local bank.
This phrase indicates that someone has opened a savings account at a specific bank, emphasizing the use of a savings bank.
La caja de ahorros ofrece mejores intereses que una cuenta corriente.
The savings bank offers better interest than a checking account.
This sentence compares the interest rates between a savings bank and a checking account, highlighting the benefits of saving.
Es importante tener una cuenta en una caja de ahorros para emergencias.
It is important to have an account at a savings bank for emergencies.
This statement suggests that maintaining a savings account is crucial for financial safety in case of unexpected situations.