savings account

noun

: 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 in a Sentence

She opened a savings account.

Recent Examples on the Web

California is developing a tool allowing families to claim public investment dollars as the federal government is set to launch a program establishing savings accounts for children that will award $1,000 to babies born between 2025 and 2028. — Lia Russell july 1, Sacbee.com, 1 July 2026

Investment experts generally recommend savings accounts and CDs only for investors who have very little risk tolerance, or who are looking for ways to hedge against the volatility of stocks. — Daniel De Visé, USA Today, 30 June 2026

But this is not much of a concern when leveraging select savings accounts. — Matt Richardson, CBS News, 30 June 2026

Most deposit accounts are only FDIC-insured up to $250,000 per depositor, per account ownership category, so anything above that in a single savings account isn’t covered. — Dan Avery,elizabeth Gravier, CNBC, 30 June 2026

Word History

First Known Use

1850, in the meaning defined above

Rhymes for savings account

• amount
• discount
• dismount
• recount
• remount
• seamount
• surmount
• count
• fount
• mount
• rediscount
• subaccount

Kids Definition

savings account

noun

: an account (as in a bank) on which interest is usually paid and from which withdrawals can be made