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

The obvious solution, of course, is to set up a checking or savings account and direct deposit. — Diane Omdahl, Forbes.com, 18 June 2026

Just be sure to avoid the traditional savings account, as your profits will be exponentially higher with any of the other three options. — Matt Richardson, CBS News, 18 June 2026

Higher rates can also lead to better returns on high-yield savings accounts and certificates of deposit. — Rachel Barber, USA Today, 17 June 2026

Four high-yield savings accounts recently cut their rates — even though the market isn't expecting the Federal Reserve to curb rates anytime soon. — Michelle Fox, CNBC, 8 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