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

Few would refuse $1,000 to open a savings account for their child. —Noreen Sugrue, Forbes.com, 27 June 2025

Eighty-two participants have been selected for the program, each will receive $2,000 to pay off debts, start a savings account or make other investments. —P.r. Lockhart, Hartford Courant, 27 June 2025

The Senate version also creates school choice tax credits and establishes savings accounts for newborns. —Barbara Sprunt, NPR, 17 June 2025

Seventeen states have already enacted universal education savings accounts, and this federal effort will extend education freedom to deep-blue states that need it most. —Jordan Bruneau, Oc Register, 17 June 2025

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