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

Randeep Chauhan has not yet opened a 529 college savings account for his 4-year-old child.

From MarketWatch • Apr. 9, 2026

A typical savings account at a bank might be paying you one-tenth of 1%, at a time when you can easily earn 3.5% or more in a high-yield savings account.

From MarketWatch • Apr. 3, 2026

As of 24 March, Moneyfacts said the average rate for an easy access savings account was 2.46%.

From BBC • Mar. 25, 2026

There were things Adhikari added that Sane didn’t have, including access to the bank accounts she had set up for their kids, her disability insurance information and a health savings account from a prior employer.

From The Wall Street Journal • Feb. 28, 2026

Outwardly, he was living a surprisingly conventional existence, even going so far as to open a savings account at a local bank.

From "Into the Wild" by Jon Krakauer

Related Words

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