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 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

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