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

Senators were unable in December to approve a Democratic proposal to extend Obamacare or a Republican proposal to deposit $1,000 to $1,500 annually into health savings accounts for eligible consumers. —Bart Jansen, USA Today, 27 Dec. 2025

Bear in mind that unlike CDs, banks have the flexibility to adjust the yields paid on their high-yield savings accounts. —Darla Mercado, Cfp®, CNBC, 26 Dec. 2025

This is not the case for an HSA (health savings account), which rolls over yearly and even stays with you between jobs. —Stacia Datskovska, Footwear News, 26 Dec. 2025

As many as 1 million additional families will have access to higher-performing schools thanks to Trump’s education savings accounts. —Stephen Moore, Boston Herald, 24 Dec. 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