Definition of savings account
: 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.
First Known Use of savings account
SAVINGS ACCOUNT Defined for English Language Learners
Definition of savings account for English Language Learners
: a bank account in which people keep money that they want to save
Learn More about savings account
Seen and Heard
What made you want to look up savings account? Please tell us where you read or heard it (including the quote, if possible).