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

For savings intended to provide stability and access, high-yield savings accounts, money market accounts, and short-term CDs may offer higher yields than some traditional savings accounts. —Wes Moss, Forbes.com, 12 June 2026

And those rates are exponentially higher than what savers are otherwise earning with traditional savings accounts right now. —Matt Richardson, CBS News, 12 June 2026

Every banking article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of checking and savings accounts. —Andreina Rodriguez, CNBC, 10 June 2026

If Powell is the savings account for the basin, Balken said, Mead is the checking account — the bank account from which the three downstream states withdraw their water. —Elise Schmelzer, Denver Post, 7 June 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