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

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

This savings account should house your emergency fund, which exists solely to cover unexpected emergencies so you don’t rack up high-interest debt.

From MarketWatch • Apr. 28, 2026

Today, it is worth nearly $60,000, Kelly said, and she also has an emergency savings account with $5,000 in it.

From The Wall Street Journal • Apr. 24, 2026

“Your own savings account at the Brooklyn National Bank. Open it.”

From "In the Year of the Boar and Jackie Robinson" by Bette Bao Lord

Related Words

• nest egg