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 workplace emergency savings accounts that have gained traction are separate from 401(k)s and other retirement savings plans, Copeland said. — Lorie Konish, CNBC, 22 Aug. 2026

Start with three to six months of living expenses in an accessible liquid savings account. — Angie O’Leary, Forbes.com, 21 Aug. 2026

If access to your cash is more important, though, giving up some rate certainty for the flexibility of a high-yield savings account may be the better tradeoff. — Angelica Leicht, CBS News, 20 Aug. 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