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savings account

1 ENTRIES FOUND:
savings account noun
plural savings accounts
savings account
noun
plural savings accounts
Learner's definition of SAVINGS ACCOUNT
[count]
: a bank account in which people keep money that they want to save储蓄账户

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

Example Sentences

She opened a savings account.
Recent Examples on the Web The best way to ensure you aren’t tempted to take a paycheck off from saving is to instruct your employer to direct some of your pay to a dedicated savings account or multiple accounts. Michelle Singletary, Washington Post, 17 Aug. 2022 Program participants agree to deposit into a savings account with Liberty Bank $50 a month for five months, according to a press release. Ted Glanzer, Hartford Courant, 2 Sep. 2022 With inflation over 9% in June, savers are essentially losing money by socking their cash into a savings account earning about 1%. Aimee Picchi, CBS News, 28 July 2022 The Packers' corporate reserve fund — its savings account — fell from more than $500 million to about $440 million because of the drop in the stock market over the past several months. Richard Ryman, USA TODAY, 22 July 2022 That doesn't mean going all in: Workers of all ages should have at least three to six months' worth of living expenses socked away in a savings account in case of emergency. Alicia Adamczyk, Fortune, 26 May 2022 Lastly, the new tax-free first home savings account can make the possibility of the average Canadian affording a home more feasible. Reza Ghazi, Forbes, 15 June 2022 Twenty percent had to borrow money from family, and 11 percent were forced to take money from a retirement savings account. Washington Post, 12 Oct. 2021 The education savings account attracted Allison Dyer, from Nashua, whose daughter attended public school for two years before enrolling this school year at a Roman Catholic school where she isn’t required to wear a mask. Chelsea Sheasley, The Christian Science Monitor, 7 Oct. 2021 See More

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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