savings account


savings account

noun

: a bank account in which people keep money that they want to save

Full Definition of SAVINGS ACCOUNT

:  an account (as in a bank) on which interest is usually paid and from which withdrawals can be made usually only by presentation of a passbook or by written authorization on a prescribed form

Examples of SAVINGS ACCOUNT

  1. She opened a savings account.

First Known Use of SAVINGS ACCOUNT

1911

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