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

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
savings account
 
n
an account at a bank that accumulates interest

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
We are moving toward only one checking account and only one savings account.
Establish a medical savings account for low income beneficiaries.
Here's how to do it so that you almost won't notice: set up an automatic
  transfer into your savings account from every paycheck.
He deposited the checks into a savings account and forgot about them.
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