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

The post said the school district was placing money into savings accounts and contracting out work to traveling psychologists or non-district special education support staff. —Queenie Wong, Los Angeles Times, 1 Feb. 2026

The agency and its insurers have redirected those penalty dollars into grocery support, early childhood savings accounts, and upgrades for frontline primary care practices. —Cathie Anderson, Sacbee.com, 30 Jan. 2026

The main proposal is essentially shifting from Obamacare subsidies (which directly reduce insurance premiums) to credits deposited in separate savings accounts. —Abby McCloskey, Twin Cities, 30 Jan. 2026

For example, the first layer can be three months’ worth of savings in a regular savings account. —True Tamplin, Forbes.com, 29 Jan. 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