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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
Among the topics was the idea of education savings accounts (ESAs), a voucher-like program that would divert public funds to private schools.
—Quintin Shepherd, Austin American-Statesman, 22 Nov. 2024
The funds come out of our HSA savings account just like our regular bank account.
—Andy Hill, Forbes, 4 Nov. 2024
Maximize your savings: Best high-yield savings accounts How does the government affect inflation?
—Paul Davidson, USA TODAY, 4 Nov. 2024
Stashing $100 in a savings account every month instead of investing it over 40 years in the S&P 500 equates to leaving as much as $500,000 on the table, assuming an annual 10% rate of return.
—Tribune News Service, The Mercury News, 2 Nov. 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 26 Nov. 2024.
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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