Meaning of the word "piggy bank" in English

What does "piggy bank" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

piggy bank

US /ˈpɪɡ.i ˌbæŋk/
UK /ˈpɪɡ.i ˌbæŋk/

Noun

a container, typically in the shape of a pig, with a slot for putting coins in, used by children to save money

Example:
She put her allowance into her piggy bank.
My first savings were in a ceramic piggy bank.