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

In the lending business, controlling your funding is important, and there’s no cheaper funding in the world than savings accounts. — Liz Hoffman, semafor.com, 22 Sep. 2026

Her daughter, Lynn shared, owes just over $100,000 on the house — which is roughly the amount that Lynn has in her savings account. — Luke Chinman, PEOPLE, 18 Sep. 2026

Cons No checking account or ATM access, so this works best as a dedicated savings account paired with another bank. — Ryley Amond, CNBC, 17 Sep. 2026

Online banks and others that offer high-yield savings accounts typically compete aggressively for depositors. — Paul Wiseman, Los Angeles Times, 16 Sep. 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