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.
With diminished yields on traditional investments like bonds or savings accounts, investors often pivot toward higher-growth options, making cryptocurrencies more appealing. Trefis Team, Forbes.com, 14 July 2025 Some changes, like 1,000 savings accounts for newborns, are meant to incentivize having more children. Madeline Mitchell, USA Today, 13 July 2025 New parents can set up a new type of children’s savings account. Seth Klamann, Denver Post, 10 July 2025 The bill will automatically create new savings accounts for newborns born between Jan. 1, 2024 and Dec. 31, 2028. Lisa Hagen, Hartford Courant, 4 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 19 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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