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

Kate Ashford, lead wealth writer at NerdWallet, says people with money in high-yield savings accounts, CDs and money market accounts could soon see better returns as banks raise rates. — Joshua Sidorowicz, CBS News, 28 Sep. 2026

Still, those movements are relatively small for Capital One, which, despite its credit-card reputation, also offers traditional banking services like checking and savings accounts, commercial lending, and auto loans. — Alexa Lomonaco, CNBC, 25 Sep. 2026

To compensate, Abbey has been socking away 25% of her after-tax income across a Roth IRA, a brokerage account and, just this year, a health savings account. — Jeanne Sahadi, CNN Money, 24 Sep. 2026

The family is paying for care out of pocket using a health savings account that held $50,000. — Tatiana Sataua, Fortune, 23 Sep. 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