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

If there's money left, this gets put into a safe and accessible high-yield savings account (see some top picks below). —Jasmin Suknanan, CNBC, 17 Apr. 2026

These accounts operate much the same way a traditional savings account does, with high rates readily available now. —Matt Richardson, CBS News, 17 Apr. 2026

This is especially the case compared with top savings accounts, which may have suffered cuts in recent months, but still pay regular interest at more than 4%. —Marc Shoffman, TheWeek, 16 Apr. 2026

For each paycheck, consider setting up direct deposit to automatically put a certain amount into your savings account and the rest into your checking account for expenses. —Lori Smith, Kansas City Star, 16 Apr. 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