What does savings account mean?

Definitions for savings account
sav·ings ac·count

Here are all the possible meanings and translations of the word savings account.

Princeton's WordNet

  1. savings accountnoun

    a bank account that accumulates interest

Wiktionary

  1. savings accountnoun

    A bank account designed for a client's savings, which compared to a current account typically entails withdrawal restrictions but yields a better interest

Freebase

  1. Savings account

    Saving accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange. These accounts let customers set aside a portion of their liquid assets while earning a monetary return. For the bank, money in a savings account may not be callable immediately and in some jurisdictions, does not incur a reserve requirement, freeing up cash from the bank's vault to be lent out with interest. The other major types of deposit account are transactional account, money market account, and time deposit.

Matched Categories

How to pronounce savings account?

How to say savings account in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of savings account in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of savings account in Pythagorean Numerology is: 6

Examples of savings account in a Sentence

  1. Mahkyra Gaines of the Gender:

    If you have access to generational wealth, if you’re white and your parents have a savings account that is very much so connected to slavery and land theft, pay people, pay people directly. Give them the money so they can have the financial security in order to rest and to heal and to connect with their communities. ... Pay that money to us now.

  2. Greg McBride:

    In other words, I-Bonds are not a replacement for your savings account.

  3. Greg McBride:

    In other words, I-Bonds are not a replacement for Greg McBride savings account.

  4. The Dorfman Family:

    I’ve talked to at least a half a dozen families this week alone that have already met their (health savings account) maximum, in the first six weeks of the year.

  5. Ken Tumin:

    Because CD rates have fallen so much, it isn't a good time to lock in right now, there are now several online banks that cut their 5-year CD rates so low, they're lower than their savings account rates.


Translations for savings account

From our Multilingual Translation Dictionary

Get even more translations for savings account »

Translation

Find a translation for the savings account definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Discuss these savings account definitions with the community:

0 Comments

    Citation

    Use the citation below to add this definition to your bibliography:

    Style:MLAChicagoAPA

    "savings account." Definitions.net. STANDS4 LLC, 2022. Web. 19 Aug. 2022. <https://www.definitions.net/definition/savings+account>.

    Are we missing a good definition for savings account? Don't keep it to yourself...

    Image or illustration of

    savings account

    Browse Definitions.net

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Quiz

    Are you a words master?

    »
    express strong disapproval of
    • A. condemn
    • B. adventure
    • C. conform
    • D. fudge

    Nearby & related entries:

    Alternative searches for savings account: