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

Try to set aside three months or more of living expenses in a high-yield savings account. — Jeanne Sahadi, CNN Money, 10 Oct. 2026

Together, the two structures can be designed around a broader retirement objective rather than simply maximizing the effectiveness of a savings account. — Jeff Stevenson, Forbes.com, 5 Oct. 2026

High-yield savings accounts typically offer higher interest rates than traditional savings accounts. — Kamaron McNair, CNBC, 3 Oct. 2026

If enacted, its effects might be felt from the capital markets to your retirement savings account. — Tzachi Zach, The Conversation, 2 Oct. 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