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

Momo Productions | Digitalvision | Getty Images Employers are increasingly turning to the 401(k) playbook to boost their workers' uptake of health savings accounts. — Greg Iacurci, CNBC, 5 Sep. 2026

Provide every child born in Georgia a $1,000 savings account. — Adam Beam, AJC.com, 4 Sep. 2026

The trend means better returns for investors who place their money into financial instruments such as money market funds or high-interest savings accounts, which are historically safer investments than the stock market. — Max Zahn, ABC News, 2 Sep. 2026

Hudgins opened a high-yield savings account and began putting about 20% of each paycheck into it. — Ashley Vega, PEOPLE, 2 Sep. 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