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

Additionally, some money market accounts pay interest comparable to high-yield savings accounts, said CFP Lazetta Rainey Braxton, founder and managing principal of virtual firm The Real Wealth Coterie. —Sarah Agostino, CNBC, 8 May 2026

Instead, the value of select savings accounts may instead be worth exploring. —Matt Richardson, CBS News, 8 May 2026

Expand on what qualifies as a medical expense to encourage positive growth for those willing to obtain a health savings account, which has the greatest tax advantages. —Kaitlyn Schallhorn, Oc Register, 4 May 2026

The lawsuit alleged that Capital One deceived customers about interest rates related to some of its savings account options, according to court filings on the settlement website. —Melina Khan, USA Today, 3 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