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savings certificate

American

noun

a certificate of deposit for a specific sum of money in a savings account, especially a deposit for a fixed term at a specified interest rate.

Etymology

Origin of savings certificate

First recorded in 1915–20

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.

Those funds could currently be earning about 18% in a money-market account, 14.9% in a six-month savings certificate or 13% in a tax-exempt municipal bond fund.

From Time Magazine Archive

Johnson disclosed Treasury plans to sell a new savings certificate to individuals.

From Time Magazine Archive

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