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

Keep primary savings accounts offline or set to view-only access. —Kurt Knutsson, FOXNews.com, 11 Jan. 2026

For example, adding $25 to their savings account every week. —Adriana Morga, The Orlando Sentinel, 10 Jan. 2026

Other proposals are newer, like helping home buyers withdraw from their 529 or 401(k) savings accounts to make down payments without incurring tax penalties. —Rachel Siegel, Washington Post, 9 Jan. 2026

Finally, Thune said there would need to be some expansion of health savings accounts, which allow people to save money and withdraw it tax-free as long as the money is spent on qualified medical expenses. —Alexandra Kukulka, Chicago Tribune, 9 Jan. 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