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 chief reason for opening a brokerage account is to get the bonus, consider a checking or savings account bonus instead. — Dan Avery, CNBC, 17 July 2026

If this is not possible, ensure the cash is placed in a high-yield savings account while next steps are discussed in line with the client's goals and objectives. — Expert Panel®, Forbes.com, 17 July 2026

If your state offers public money to private school attendees through vouchers, savings accounts or tax credits, check to see if those programs set additional rules for schools. — Mollie Simon, ProPublica, 16 July 2026

Connect accounts from thousands of financial institutions Honeydue supports more than 20,000 financial institutions across five countries, allowing most users to securely link checking accounts, savings accounts, credit cards and loans in one place. — Catherine Collins, USA Today, 16 July 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