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
About 62% of US adults held stocks in 2024, whether through an individual stock, a mutual fund or a retirement savings account, according to an annual Gallup survey.
—
Matt Stiles, CNN Money, 2 May 2025
There are several other business savings account options on the market.
—Jasmin Suknanan, CNBC, 29 Apr. 2025
Most experts suggest three to six months of expenses saved up in a high-yield savings account.
—Jim Wang, Forbes.com, 25 Apr. 2025
Currently, the national average annual percentage yield (APY) for savings accounts is 0.59%, according to another Bankrate survey.
—Rachel Barber, USA Today, 24 Apr. 2025
See All Example Sentences for savings account
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Matt Stiles, CNN Money, 2 May 2025
There are several other business savings account options on the market.
—Jasmin Suknanan, CNBC, 29 Apr. 2025
Most experts suggest three to six months of expenses saved up in a high-yield savings account.
—Jim Wang, Forbes.com, 25 Apr. 2025
Currently, the national average annual percentage yield (APY) for savings accounts is 0.59%, according to another Bankrate survey.
—Rachel Barber, USA Today, 24 Apr. 2025
See All Example Sentences for savings account
Cite this Entry
“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 6 May. 2025.
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