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.
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 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 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

More from Merriam-Webster on savings account

Last Updated: - Updated example sentences
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