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 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, 23 Apr. 2026

Compare your top savings account options online here. —Matt Richardson, CBS News, 23 Apr. 2026

Markets feel shaky, and a high-yield savings account earning 4-5% APY sounds like a smart safe harbor. —Allison Palmer, Charlotte Observer, 22 Apr. 2026

The Lowering Costs for Caregivers Act, also bipartisan and bicameral, would let caregivers use their health savings account or flexible spending account to pay for their parents' or in-laws' medical expenses. —Sarah Agostino, CNBC, 20 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