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

I have $1.5 million invested in the stock market and $425,000 in CDs and a savings account.

From MarketWatch • Jun. 2, 2026

Your $750,000 IRA and $50,000 savings account put you in a very solid position, given that your house is paid off and you are comfortable living off your Social Security.

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

Having contributions automatically deducted from people’s paychecks to an emergency savings account can help workers stay on track with their goals even when prices rise, Miller said.

From MarketWatch • May 27, 2026

She had one hundred and five dollars in her savings account.

From "A Tree Grows in Brooklyn" by Betty Smith

Related Words

• nest egg