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

Instead, open an emergency savings account. — Daniel De Visé, USA Today, 26 June 2026

Some employers also offer flexible spending accounts (FSAs) or health savings accounts (HSAs) that allow workers to set aside pre-tax money for medical and dental costs. — William Jones, Charlotte Observer, 25 June 2026

The Consumer Financial Protection Bureau recommends scheduling regular transfers into a money market or high-yield savings account, reducing the likelihood that other priorities will derail progress. — Rob Falzon, Forbes.com, 25 June 2026

Rates on high-yield savings accounts are variable and likely to change over time. — Matt Richardson, CBS News, 25 June 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