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 your plan is to use your retirement savings accounts to create your own paycheck, chances are most of that money has not been taxed. Jessi Chadd, Kansas City Star, 5 June 2024 Consider putting your emergency fund in a high-yield savings account, which can have annual percentage yields (APYs) of 5% or more and will grow your balance more quickly. Nerdwallet, The Mercury News, 5 June 2024 Supporters of school choice distinguish vouchers as state money that goes directly to private school tuition, while education savings accounts or tax credits are given to a family to provide additional resources, which can include private school tuition. Becca Savransky, Idaho Statesman, 20 May 2024 Plaintiffs with checking and savings accounts claimed they were charged Automated Clearing House fees after the bank deceived them into doing so, the complaint said. Chase Jordan, Charlotte Observer, 17 May 2024 See all Example Sentences for savings account 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'savings account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1850, in the meaning defined above

Time Traveler
The first known use of savings account was in 1850

Dictionary Entries Near savings account

Cite this Entry

“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 18 Jun. 2024.

Kids Definition

savings account

noun
: an account (as in a bank) on which interest is usually paid and from which withdrawals can be made

More from Merriam-Webster on savings account

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!