savings account

American  

noun

1. a bank account on which interest is paid, traditionally one for which a bankbook is used to record deposits, withdrawals, and interest payments.

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savings account British  

noun

1. an account at a bank that accumulates interest

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Etymology

Origin of savings account

First recorded in 1910–15

Example Sentences

Having five figures sitting in a high-yield savings account may seem like a loss compared to investing that money, especially for young people who have decades for their investments to compound.

From MarketWatch • Jun. 2, 2026

Unless it’s an extremely volatile stock, I would still take this $10,000 from your savings account rather than your stocks.

From MarketWatch • Jun. 1, 2026

I also have $50,000 in a high-interest savings account.

From MarketWatch • Jun. 1, 2026

But by then Sanchez, a single mom, had had to pull funds out of the college savings account for her 19-year-old daughter, who is attending a local university.

From Los Angeles Times • May 27, 2026

She also had some money in her savings account.

From "I Am Not Your Perfect Mexican Daughter" by Erika L. Sánchez

Related Words

• nest egg