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

Start by opening a 529 college savings account — a move that most of the journalists interviewed for this story made. —Kelsey Neubauer, CNBC, 25 Sep. 2025

The One Big Beautiful Bill expanded health savings accounts eligibility to include these plans, providing a tax-free way to pay for medical expenses before meeting the deductible. —Jasmine Laws, MSNBC Newsweek, 25 Sep. 2025

My savings were dwindling, and there were tumbleweeds blowing through my business savings account. —Essence, 23 Sep. 2025

Financial content creator Taylor Price, known as pricelesstay online, also warned that, in addition to friendship drama, setting up a joint savings account with friends can come with financial risk. —Elizabeth Maline, NBC news, 21 Sep. 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