Definition of savings account
: 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.
First Known Use of savings account
SAVINGS ACCOUNT Defined for English Language Learners
Definition of savings account for English Language Learners
: a bank account in which people keep money that they want to save
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