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

Online savings accounts are often one of the highest-yielding cash options; credit unions also frequently offer decent yields. —Christine Benz, Los Angeles Times, 7 Mar. 2026

At the same time, the S&P 500 stock market index has had only five down years between 2005 and 2025, which has helped juice the value of retirement savings accounts. —ABC News, 7 Mar. 2026

Both come with competitive rates right now, offering savers a viable way to grow their money at a time when interest rates on traditional savings accounts aren't even breaking 1%. —Matt Richardson, CBS News, 6 Mar. 2026

As of March 2026, top high-yield savings accounts are offering APYs ranging from roughly 4% to 5%, according to Bankrate. —Allison Palmer, Sacbee.com, 6 Mar. 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