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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 See all Example Sentences for savings account 

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 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

Last Updated: - Updated example sentences
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