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

These could include other loans, checking and savings accounts, or investment accounts. — Rebecca Safier, USA Today, 28 Aug. 2026

Tristan testified that the Romanian government had taken approximately $15 million in property, including gold bars, cash, cars, real estate and even savings accounts established for his children. — Antonio María Delgado, Miami Herald, 28 Aug. 2026

Money in a high-yield savings account (HYSA) can earn a healthy return and still be accessible when the time comes. — Dan Avery, CNBC, 27 Aug. 2026

And that's something that none of the accounts outlined above risk, even the traditional savings account with its minimal rate. — Matt Richardson, CBS News, 27 Aug. 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