So hundreds of years ago, like pre-1500s. Metal was expensive. Most household objects, vases, containers, cups etc, were made from a type of clay called “Pygg”. Households usually had a container like a cup or bowl, that they would drop extra coins in to save. It became a “pygg bank”. Eventually people stopped using pygg to make things, but the name persisted.
Eventually, because of the play on words, they started making the banks in the shape of pigs.
It is true, google that shit.
Edit: Due to some pedantic malcontents, I will state that this based on oral tradition/cultural lore. This is most often accepted as the historical reason.
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