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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
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.
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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 
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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 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
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