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

Gjini recommends starting small and automating transfers to your savings account to build momentum. —Kamaron McNair, CNBC, 11 Sep. 2025

Low in cost and lean in operations, tuition at these new schools is often fully covered by education savings accounts (ESAs) and similar school-choice programs. —Kerry McDonald, Forbes.com, 10 Sep. 2025

Lawmakers passed an education savings account plan earlier this year. —Fort Worth Star-Telegram, 10 Sep. 2025

For depositors, this works in their favor as their savings account and retirement fund will earn interest not just on principal but also on past earned interest. —Mary Luquette, USA Today, 9 Sep. 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