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savings account - 3 dictionary results

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.


Origin:
1910–15
sav·ings account   (sā'vĭngz)
n.  An account that draws interest at a bank.

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.

Related Links

Getting To Know The Money Market
Money Market Tutorial
20 Investments You Should Know
Investing 101: A Tutorial for Beginner Investors

See also: Checking Account, Demand Deposit, Money Market Account, Sweep Account

Language Translation for : savings account
Spanish: cuenta de ahorros,
German: das Sparkonto,
Japanese: 預金口座
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