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

There will be an exodus - a massive outflow from the S&P and overall markets from risky equities into treasuries, CDs, and savings accounts. —Trefis Team, Forbes.com, 20 June 2025

Top-yielding online savings accounts currently pay more than 4%, on average, according to Bankrate — well above the annual rate of inflation. —Jessica Dickler, CNBC, 18 June 2025

If the annual inflation rate is 2% but the savings account only earns 1%, the cost of goods and services has outpaced the buying power of the money in the savings account that year. —Terry Savage, Chicago Tribune, 10 June 2025

On Monday, Bresnahan was the only freshman among a small group of GOP lawmakers to join President Donald Trump at the White House for an event on new savings accounts for children. —Hailey Bullis, The Washington Examiner, 10 June 2025

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