savings account

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.

savings account

noun

1. an account at a bank that accumulates interest

Word History and Origins

Origin of savings account¹

First recorded in 1910–15

Example Sentences

Senate Bill 1452 expands the state’s education savings account voucher.

From Washington Post

Affirm provides financing for online purchases to customers who don’t have savings accounts or credit histories, and might otherwise not be denied credit.

From Fortune

In theory, developers could pay a price for their emissions into a kind of county-owned savings account.

From Voice of San Diego

Those approaching retirement could at a minimum begin funneling some of their savings in their later years into a safe savings account to cover their first year or two of expenses in retirement.

From Fortune

To combat this challenge, we aim to help one million people open low-cost checking and savings accounts.

From Ozy

Set it up so that a fixed amount from every check goes into that new savings account.

From The Daily Beast

You think the interest rate on your savings account is paltry?

From The Daily Beast

“Currently, it is easier for a child to get a credit card than it is to get a savings account,” she says.

From The Daily Beast

I have about $2K in a savings account and just began contributing to my 403(b).

From The Daily Beast

Do you think I should invest $1K of my savings account money into the stock market?

From The Daily Beast

As for Pant, he, for the first time in his life, had a savings account.

From Project Gutenberg

The government paid interest on savings and encouraged even the poorest to have a savings account.

From Project Gutenberg

I'll order silver mugs to-morrow, and start a savings account for each baby.

From Project Gutenberg

He could see his savings account going down almost to the vanishing point.

From Project Gutenberg

I'd suggest, however, that you start a savings account at the local bank with the enclosed salary check.

From Project Gutenberg

Related Words

• nest egg