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.
And the bill would automatically create new savings accounts for newborns born between Jan. 1, 2025, to Jan. 1, 2029. Lisa Hagen, Hartford Courant, 3 June 2025 Typically, this exemption applies to cash held in checking or savings accounts, certificates of deposit, or similar instruments. Virginia La Torre Jeker, Forbes.com, 3 June 2025 The latest Commerce Department data, however, indicated that Americans’ income growth was stronger than expected in April and that people bolstered their savings accounts. Alicia Wallace, CNN Money, 1 June 2025 Their investments are held in an individual retirement account, commonly referred to by the IRA initialism, and 529 college savings accounts. Gayla Cawley, Boston Herald, 31 May 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 13 Jun. 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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