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

OnePay services include credit and debit cards, high-yield savings accounts, buy now, pay later loans, and a digital wallet with peer-to-peer payments. —Hugh Son, CNBC, 3 Sep. 2025

The company offers unique perks, like free laboratory testing at any of Labcorp’s 2,000 Patient Service Centers, along with more traditional benefits such as a health savings account, tuition reimbursement and medical, dental and life insurance options. —Haniya Rae, Forbes.com, 3 Sep. 2025

In 2019, Lebanese depositors discovered that their banking system had, in effect, just been kidding about those savings accounts. —Graeme Wood, The Atlantic, 2 Sep. 2025

Instead, open an emergency savings account. —Daniel De Visé, USA Today, 29 Aug. 2025

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