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 data shows that Americans also paid off credit card debt and topped off their savings accounts, along with paying for essentials like groceries and rent. —Stephan Bisaha, NPR, 4 Apr. 2026

On top of Americans having to worry about saving enough money for retirement through a 401(k) or other savings accounts, there’s also a looming threat to Social Security. —Sydney Lake, Fortune, 3 Apr. 2026

But a high-yield savings account may be able to generate a similar return without savers having to forego access to their funds. —Matt Richardson, CBS News, 3 Apr. 2026

Open a separate savings account and schedule transfers with each paycheck. —Bydavid Schepp, Encyclopedia Britannica, 2 Apr. 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