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

These accounts are by far the largest single retirement savings account in the country. —Sandy Carter, Forbes.com, 7 Aug. 2025

So, for now, consider parking the money in a high-yield savings account or money market fund. —Steve Hruby, The Enquirer, 5 Aug. 2025

Financial planners generally recommend stashing an emergency fund in a conservative, liquid account like a high-yield savings account or money market fund, which earn more interest than a traditional bank checking account. —Greg Iacurci, CNBC, 1 Aug. 2025

High-yield savings accounts can boost your savings. —Paris Goodman, Fort Worth Star-Telegram, 30 July 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