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

Fortunately, a high-yield savings account won't require you to lock your money away in exchange for a competitive return. — Matt Richardson, CBS News, 6 Aug. 2026

There are business checking and savings accounts, as well as merchant service accounts to accept credit and debit card payments from customers. — Dan Avery, CNBC, 6 Aug. 2026

Setting up a dedicated savings account for extracurricular expenses can make a big difference. — Barbara White, Kansas City Star, 5 Aug. 2026

Rather than parking every housing dollar into a savings account, younger Americans are increasingly regarding stock investments as convertible into down payments if and when homeownership becomes feasible. — Mia Osmonbekov, Fortune, 5 Aug. 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