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 decision to put money into a CD or a high-yield savings account isn't an easy one to make this August. — Matt Richardson, CBS News, 30 July 2026

Although holding the Fed’s rate unchanged has kept savings yields largely steady, some top-yielding online savings accounts can offer above-average returns and currently pay around 4%, according to Bankrate. — Jessica Dickler, CNBC, 29 July 2026

That’s less than many of the high-yield savings accounts offered by regional and national banks. — Michael Foster, Forbes.com, 28 July 2026

However, as opposed to 529 plans and Roth IRAs, it is designed to be a long-term retirement savings account. — Josh Kelly, Oklahoman, 25 July 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