Savings Account

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savings account

–noun

a bank account on which interest is paid, traditionally one for which a bankbook is used to record deposits, withdrawals, and interest payments.

Compare checking account.

Origin:
1910–15

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To Savings Account

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sav·ings account (sā'vĭngz)
n. An account that draws interest at a bank.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Savings Account

A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates.

Investopedia Commentary

Writing checks in a savings account generally costs more than if you were to do it in a checking account.

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Search another word or see Savings Account on Thesaurus | Reference

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