an account in a bank on which interest is paid
savings account
savings accountWebster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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Savings account. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/savings-account
savings account
noun
An account that draws interest at a bank.
THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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MLA Style
"Savings account." YourDictionary. LoveToKnow. www.yourdictionary.com/savings-account.
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Savings account. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/savings-account
Noun
(plural savings accounts)
- (finance) A bank account designed for a client's savings, which compared to a current account typically entails withdrawal restrictions but yields a better interest
English Wiktionary. Available under CC-BY-SA license.
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MLA Style
"Savings account." YourDictionary. LoveToKnow. www.yourdictionary.com/savings-account.
APA Style
Savings account. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/savings-account
savings account - Investment & Finance Definition
An account at a bank or other savings institution in which individuals can keep money that is readily accessible, but on which a relatively small interest rate is paid. Savings accounts are insured by the U.S. government up to $100,000 per account through the Federal Deposit Insurance Corp. (FDIC). Banks, credit unions, and savings and loan institutions offer savings accounts. The interest earned on the accounts is taxable.
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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Cite this page
MLA Style
"Savings account." YourDictionary. LoveToKnow. www.yourdictionary.com/savings-account.
APA Style
Savings account. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/savings-account
