savings account

American  

noun

savings accounts plural

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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Other Word Forms

Noun Inflected Forms

• savings accounts
  plural

Etymology

Origin of savings account

First recorded in 1910–15

Example Sentences

See Examples For:

savings account

As at 22 July, Moneyfacts said the average rate for an easy access savings account for a balance of at least £10,000 was 2.56%.

From BBC ● Jul. 22, 2026

If your choice is between leaving cash in a savings account earning minimal interest versus putting it into a CD at a rate above inflation, then that can be an easy choice to make.

From MarketWatch ● Jul. 10, 2026

That could mean setting up a direct debit from your current account to a savings account, organising cash into different envelopes or using round-up tools that put spare change aside when you spend.

From BBC ● Jul. 8, 2026

As of 20 May, Moneyfacts said the average rate for an easy access savings account was 2.48%.

From BBC ● Jun. 11, 2026

“No, I got it. Thanks. A savings account for college is a good idea.”

From "Okay for Now" by Gary D. Schmidt

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