savings account

noun

Synonyms of savings accountnext
: 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.
Over three months, the high-yield savings account comes out ahead — but the CD catches up quickly. Angelica Leicht, CBS News, 1 May 2026 Many high-yield savings accounts also paid 4% annual percentage yield (APY) or higher, several times the national savings average, in April, according to rate watcher site DepositAccounts. Rachel Barber, USA Today, 29 Apr. 2026 The 360 Performative Savings accounts were created in 2019 as high-yield savings accounts with higher interest rates. Alexiah Syrai Olsen, Idaho Statesman, 29 Apr. 2026 The Lowering Costs for Caregivers Act, also bipartisan and bicameral, would let caregivers use their health savings account or flexible spending account to pay for their parents' or in-laws' medical expenses. Sarah Agostino, CNBC, 20 Apr. 2026 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

Browse Nearby Words

Cite this Entry

“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 2 May. 2026.

Kids Definition

savings account

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

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