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

Lawmakers raised tuition for state universities, took an axe to Medicaid and dipped into the state’s savings account to bridge the budget gap. —Nick Coltrain, Denver Post, 15 May 2026

Between the two options, then, which will actually earn more interest this year – a $100,000 short-term CD or a $100,000 high-yield savings account? —Matt Richardson, CBS News, 14 May 2026

Companies like Coinbase make money by letting customers hold stablecoins and paying them small rewards similar to interest on a savings account. —Alicia Park, Forbes.com, 14 May 2026

For medical expenses, pay with pre-tax money from your health savings account. —Medora Lee, USA Today, 9 May 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