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

The trend means better returns for investors who place their money into financial instruments such as money market funds or high-interest savings accounts, which are safer investments than the stock market. —Max Zahn, ABC News, 27 Mar. 2026

Compare your top savings account options here to learn more. —Matt Richardson, CBS News, 27 Mar. 2026

While Veterans United is primarily focused on home loans, Navy Federal is a full-service financial institution offering checking and savings accounts, as well as other types of loans. —Kelsey Neubauer, CNBC, 27 Mar. 2026

The comptroller is overseeing the new education savings account program signed into law by Abbott last year. —Aarón Torres, Dallas Morning News, 26 Mar. 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