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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The bottom line is that when the Federal Reserve lowers interest rates, borrowing costs generally will come down; however, the offset is that the rate of return for checking and savings accounts will fall. Kevin Cerveny, Kansas City Star, 17 Oct. 2025 The company has since expanded deeper into financial services with checking and savings accounts, a credit card, credit health monitoring and a buy now, pay later offering. Jaures Yip, CNBC, 16 Oct. 2025 Medical savings accounts also see higher deductible and out-of-pocket limits for both individual and family coverage. Aliss Higham, MSNBC Newsweek, 10 Oct. 2025 Unlike interest generated by savings accounts, certificates of deposit, stock dividends or other investment vehicles, gold produces no income until it is sold. Steve Kopack, NBC news, 9 Oct. 2025 See All Example Sentences for savings account

Word History

First Known Use

1850, in the meaning defined above

Time Traveler
The first known use of savings account was in 1850

Browse Nearby Words

Cite this Entry

“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 23 Oct. 2025.

Kids Definition

savings account

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

More from Merriam-Webster on savings account

Last Updated: - Updated example sentences
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