savings account

noun

: an account (as in a bank) on which interest is usually paid and from which withdrawals can be made usually only by presentation of a passbook or by written authorization on a prescribed form

Examples of savings account in a Sentence

She opened a savings account.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account. Andreina Rodriguez, CNBC, 26 July 2025 Amid the surge of headlines about school choice expansion — from education savings accounts in Texas and Wyoming to voucher reforms in Idaho — a quieter, equally powerful story has unfolded: the resurgence of charter school growth and the laws enabling it. Jeanne Allen, Forbes.com, 21 July 2025 These have till now been closed off to retirement savings accounts, given the regulatory and fiduciary hurdles investing in them would come with—such as the limited liquidity and higher fees associated with private-market investment products. Hugh Cameron, MSNBC Newsweek, 18 July 2025 Health savings accounts are one of those rare gems. Veronique De Rugy, Oc Register, 11 July 2025 See All Example Sentences for savings account

Word History

First Known Use

1850, in the meaning defined above

Time Traveler
The first known use of savings account was in 1850

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Cite this Entry

“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 29 Jul. 2025.

Kids Definition

savings account

noun
: an account (as in a bank) on which interest is usually paid and from which withdrawals can be made

More from Merriam-Webster on savings account

Last Updated: - Updated example sentences
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