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 Other states — including Indiana, Florida and Arizona — already have school choice programs that allocate funding for school vouchers, charter schools and educational savings accounts. Hannah Pinski, The Courier-Journal, 15 Oct. 2024 Find the best savings account for you: Help your money grow by finding the savings account that offers the best rates and features for you. Cnbc Select, CNBC, 15 Oct. 2024 On the demand side, allowing Medicare patients to access enhanced and subsidized health savings accounts would transfer decision-making rights to patients, prompting providers to compete by offering attractive prices and services that satisfy patients rather than regulators. Ge Bai, Forbes, 10 Oct. 2024 Some conservatives have pushed to privatize the program and create personal savings accounts in their place. Noah Bierman, Los Angeles Times, 10 Oct. 2024 See all Example Sentences for savings account 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'savings account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1850, in the meaning defined above

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

Dictionary Entries Near savings account

Cite this Entry

“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 31 Oct. 2024.

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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