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

Set up automatic transfers from your checking account to a separate savings account each month. —True Tamplin, Forbes.com, 26 Mar. 2025

The cost of the rider can be subsidized by funds in a health savings account (HSA), as well, provided that the rider cost can be separated out of the total premium. —Lina Storm, Forbes, 21 Mar. 2025

On the upside, higher-for-longer interest rates translate to appealing returns’ sticking around for some savings accounts. —J.j. McCorvey, NBC News, 20 Mar. 2025

The Texas House and Senate are considering similar bills to create education savings accounts, a voucher-like program that would let parents use state dollars for their child’s private or home schooled education. —Eleanor Dearman, Fort Worth Star-Telegram, 20 Mar. 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