The service operates much like a savings bank which is important, because plenty of Kenyans do not have bank accounts.

VOA: special.2009.11.02

So, a lot of people switched from savings accounts to REITs -that's called disintermediation.

于是很多人把钱从储蓄账户转向REITs,这被称为去中介化

耶鲁公开课 - 金融市场课程节选

The first wave was in the 1960s and, at that time, Congress had limits-- state governments had limits on the interest that savings banks could pay people on their accounts.

在20世纪60年代,那时候国会限制了...,各州政府给储蓄银行,设定了账户利率的支付上限

耶鲁公开课 - 金融市场课程节选