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

Istock | Getty Images The IRS has released the 2027 contribution limits for health savings accounts, or HSAs, which offer triple-tax benefits for investors. —Kate Dore, Cfp®, Ea,greg Iacurci, CNBC, 29 May 2026

For some investors, the possibility of higher rates for longer may make gold and silver look less appealing than interest-paying investments like bonds, certificates of deposit (CDs) and high-yield savings accounts. —Tim Maxwell, CBS News, 28 May 2026

Low inflation also often leads to lower interest rates, reducing returns on savings accounts and conservative investments. —David Kudla, Forbes.com, 28 May 2026

But by then Sanchez, a single mom, had had to pull funds out of the college savings account for her 19-year-old daughter, who is attending a local university. —Andrea Castillo, Los Angeles Times, 27 May 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