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

FSAs differ from health savings accounts, or HSAs, which some people use in conjunction with high-deductible health plans. — Sarah Agostino, CNBC, 7 Nov. 2026

If these fees, which would otherwise be assets that accumulate in their retirement savings account, are not clearly communicated by the employer, the risk of litigation under an auto-enroll structure could be significant. — Jeff Stevenson, Forbes.com, 6 Nov. 2026

That's probably better value for money than putting it in a savings account. — K. Thor Jensen, PC Magazine, 5 Nov. 2026

Sand criticized Iowa's education savings account, or voucher, program, which uses public money to help families pay private school tuition. — Sheila Brummer, NPR, 4 Nov. 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