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savings account

noun

Simple Definition of savings account

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

Full Definition of savings account

  1. :  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.



1911

First Known Use of savings account

1911


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