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

Ditto for contributions to a 529 tax-advantaged education savings account.

From MarketWatch • Jun. 2, 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

When Nancy Hughes’s daughter moves back home this year after graduation, she’ll pay her mom a certain amount each mont, which Hughes will then put into a savings account for her.

From MarketWatch • May 21, 2026

They signed their names to the check; half would go into Doug Hoo's savings account; half would go to Theo's parents.

From "The Westing Game" by Ellen Raskin

Related Words

• nest egg