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

Automate savings: Pull a fixed percentage off the top of every paycheck into a separate high-yield, FDIC-insured savings account.

From MarketWatch • May 15, 2026

If your money is in a major bank savings account, you’re probably making less than 1% on it.

From MarketWatch • May 11, 2026

One of your fellow readers recently asked: What should the ratio be between a taxable brokerage account and a high-yield savings account?

From MarketWatch • May 11, 2026

One of them, a lady wearing a hot-pink shirt, shares that she just got her tax return and is treating herself to a night out before she puts the rest into her savings account.

From "Marcus Vega Doesn't Speak Spanish" by Pablo Cartaya

Related Words

• nest egg