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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 See All Example Sentences for savings account

Word History

First Known Use

1850, in the meaning defined above

Time Traveler
The first known use of savings account was in 1850

Browse Nearby Words

Cite this Entry

“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 26 Oct. 2025.

Kids Definition

savings account

noun
: an account (as in a bank) on which interest is usually paid and from which withdrawals can be made

More from Merriam-Webster on savings account

Last Updated: - Updated example sentences
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