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Synonyms

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.

savings account British  

noun

  1. an account at a bank that accumulates interest

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of savings account

First recorded in 1910–15

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

I was wondering if that $200 is better off going into a savings account rather than paying down my $1,000 credit-card bill.

From MarketWatch • Mar. 25, 2026

Many ACA plans are eligible to be paired with a health savings account.

From Barron's • Feb. 19, 2026

The now 19-year-old, who works part time while pursuing a degree in computer engineering technology, says Jackson’s course led him to open a high-interest savings account and obtain a credit card.

From The Wall Street Journal • Feb. 8, 2026

The Bank rate cut in December and conditions thereafter have led to cuts in the interest paid by savings account providers to their customers.

From BBC • Feb. 4, 2026

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

From "Okay for Now" by Gary D. Schmidt

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.