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.
Organize liquidity needs Even your cash needs should be thoughtfully allocated and not all lumped into one savings account or money market fund. Michelle Fox, CNBC, 20 Sep. 2025 Nobody nerds out or gets hype like me about savings accounts or life insurance. Kimberly Wilson, Essence, 19 Sep. 2025 One of the top contenders heading into the October 7 GOP primary is Representative Lee Reeves (R-Franklin), a statehouse member who voted earlier this year to make Tennessee’s education savings account (ESA) program available to all children statewide. Patrick Gleason, Forbes.com, 19 Sep. 2025 For savers, falling interest rates will slowly erode attractive yields currently on offer with certificates of deposit (CDs) and high-yield savings accounts. Dave Smith, Fortune, 17 Sep. 2025 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

Browse Nearby Words

Cite this Entry

“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 21 Sep. 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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