City giving initially profitable savings scheme (4)
I believe the answer is:
pisa
'city' is the definition.
(Pisa is an example)
'giving initially profitable savings scheme' is the wordplay.
'giving' is a charade indicator (letters next to each other).
'initially' indicates taking the first letters.
'savings scheme' becomes 'isa' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
The first letter of 'profitable' is 'p'.
'p'+'isa' is 'PISA'.
Can you help me to learn more?
(Other definitions for pisa that I've seen before include "Place with leaning tower" , "Location of leaning tower" , "Italian city with famous tower" , "City with listed building" , "City in Tuscany" .)