Worked hard, putting aside pounds deposited in the bank (5)

I believe the answer is:

saved

I'm a little stuck... Click here to teach me more about this clue!

'in the bank' is the definition.
(I've seen this in another clue)

I don't understand the rest of the clue.

(Other definitions for saved that I've seen before include "Stored for future use" , "Redeemed or rescued" , "Preserved" , "Prevented from dying" , "Conserved" .)

I've seen this clue in The Times.

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