The savings banks are financial institutions collecting money or deposits, which specialize in collecting the savings of persons providing them the possibility to save and apply for loans on the amount saved by the same. These entities can be public or private and can have non-profit or not. It is important to mention that an interest rate control and financial returns for global loan is applied to deposits. Savings are intended for people who want to save, or better, think more about saving in spending, this due to many of these savings banks accounts exist only and exclusively to save, without possibility of withdrawing such savings determined prematurely (saving safe) which can go from months, to years, thereby encouraging safe saving and personal growth. The origin of the savings banks feat on its oldest record in Italian entities of montes de piedad, which defined them as entities for the advancement of the poor; without However the savings in these entities did not possess any profit, because he saw no economic returns. Since this time the expansion of savings was given throughout the European continent.
The next major step of saving banks occurred in the creation of the same in Spain, more specifically in Madrid where in the mid-19th century, give the first sign of public savings through the caja de Madrid, however the success of this type of entities is given more accurately in the 20th century, where, thanks to the option of controlling own expensesa large number of people began to opt for such entities. For today the existence of savings banks is such that these are located around the world, and alluding to a country like Spain, these are largely some entities with greater success in this country, since in this excellent choices as the autoprestamos, which are very convenient for controlling our expenses have been provided. It is good to refer to other entities such as cooperatives credit, since it can be said that in large part the development of the same it feat thanks to the invention of the savings banks. It is essential to highlight the great evolution of the savings banks, because these after mid-20th century implemented a large number of very similar services to the banks, thus becoming financial institutions very good, not to mention profitable for all those interested in saving, and at the same time meaning for banks a major competitionthat until today it remains. Given the above, it can be inferred that savings over the course of history have contributed immensely in the conception of various financial goals both personal and global, because these entities can also make savings with projection to the investment. Original author and source of the article.