: 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 WebThe 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