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.
It can be placed in a savings account at a bank, in a jar in your closet or an envelope tucked in your desk. Kay Johnson, Twin Cities, 6 Feb. 2025 Some tax-prep companies promise your money even faster: TurboTax users can get their refund deposited into a Credit Karma Money checking or savings account up to five days before the IRS. TurboTax Learn More On TurboTax’s secure site Free version TurboTax Free Edition. Brian Sloan,liz Knueven, CNBC, 5 Feb. 2025 Start with putting aside $1,000 of your refund into a high-yield savings account. Kimberly Wilson, Essence, 5 Feb. 2025 Infractions can range from spending more than a partner would approve of (33 percent), keeping secret debt (23 percent), having a secret credit card (17 percent), a secret savings account (15 percent) or a secret checking account (13 percent). Barbara A. Perry, Newsweek, 28 Jan. 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

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 20 Feb. 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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