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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
During the 2023 session, legislators introduced a bill that would have created education savings accounts to let families who send their kids to private schools or those who home school their kids get state funding for tuition and other expenses.
—Becca Savransky, Idaho Statesman, 20 May 2024
Having three to six months’ worth of living expenses, or more, in a regular savings account tends to be a common recommendation.
—Nerdwallet, The Mercury News, 20 May 2024
One of the children is under 18 and had their settlement deposited into a savings account managed by their father, Douglas Ault.
—Ilana Arougheti, Kansas City Star, 18 May 2024
Protect your assets: Best high-yield savings accounts of 2023
Items on which seniors spend the most money increased significantly over the past year: Hospital services rose 7.7%; transportation services soared 11.2%; shelter jumped 5.5%; and electricity climbed 5.1%, the government said.
—Medora Lee, USA TODAY, 15 May 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 9 Jun. 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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