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

Start earning more interest on your money with a high-rate savings account here. —Matt Richardson, CBS News, 27 Feb. 2026

Other pushes Trump made in his speech have slimmer prospects of becoming law this year, such as his package of health care proposals that would redirect Affordable Care Act subsidies directly to consumers’ health savings accounts. —Burgess Everett, semafor.com, 25 Feb. 2026

Some high-yield savings accounts can help your cash earn up to 4% in interest per year, according to Bankrate, but most people earn far less. —Kamaron McNair, CNBC, 25 Feb. 2026

Tax credits reduce a person’s tax liability dollar for dollar but don’t directly add to savings accounts. —Jeanne Sahadi, CNN Money, 16 Feb. 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