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

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

From BBC • Jun. 11, 2026

I have two questions: Should I take the money from my savings account instead?

From MarketWatch • Jun. 1, 2026

Finally, there is a caveat to taking money from your 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

My parents didn't have life insurance, or much in terms of a savings account.

From "Counting by 7s" by Holly Goldberg Sloan

Related Words

• nest egg