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

Make your savings work harder Open a high-yield savings account or CD. —David McMillin, CNBC, 24 Oct. 2025

The new law allows plan members to contribute to health savings accounts. —Stephen Moore, Boston Herald, 23 Oct. 2025

Instead of setting up a savings account like the Murrays and Dowises, Esparros is exploring health care co-ops, which pool money among members to cover medical expenses. —Berkeley Lovelace Jr, NBC news, 22 Oct. 2025

Health savings accounts, or HSAs, let those with high-deductible health plans set aside pre-tax money for medical expenses — from Advil and X-rays to doctor’s visits. —Nathaniel Weixel, The Hill, 22 Oct. 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