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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
Some states have income requirements for those who receive funds through vouchers or education savings accounts, though others have expanded access to everyone in recent years.
—Krista Johnson, The Courier-Journal, 29 Oct. 2024
Condoms have been reimbursable for years through a pre-tax health savings account (HSA) or flexible savings account (FSA), which cover over-the-counter medications that aren’t generally tax deductible as an itemized deduction.
—Medora Lee, USA TODAY, 29 Oct. 2024
This belief often leads to a more conservative investment approach, with a preference for low-risk assets such as savings accounts and short-term government securities.
—Odiri Oginni, Forbes, 28 Oct. 2024
To be eligible to contribute to a health savings account, an individual must be enrolled in a high-deductible health plan, or HDHP.
—Sharon Epperson,stephanie Dhue, CNBC, 23 Oct. 2024
See all Example Sentences for savings account
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'savings account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1850, in the meaning defined above
Dictionary Entries Near savings account
Cite this Entry
“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 5 Nov. 2024.
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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