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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
Deposit these windfalls into a high-yield savings account, investment portfolio, or retirement fund to boost your long-term financial stability.
—True Tamplin, Forbes, 2 Jan. 2025
To get the most out of your fund, consider keeping it in a high-yield savings account.
—Paul Du Quenoy, Newsweek, 1 Jan. 2025
With unlimited withdrawals and no fees or minimum deposit requirements, a high-yield savings account with Marcus by Goldman Sachs is a great option.
—Ryley Amond, CNBC, 31 Dec. 2024
More:Wisconsin is an outlier on savings accounts for people with disabilities.
—Hope Karnopp, Journal Sentinel, 26 Dec. 2024
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Word History
First Known Use
1850, in the meaning defined above
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 9 Jan. 2025.
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
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