Finance & Banking

Savings account

ˈseɪvɪŋz əˈkaʊnt

noun

What does Savings account mean?

An account that earns interest on stored money.

Example sentence

"Keep your emergency fund in a savings account."

American usage tip

HYSAs pay far more than big-bank savings.

Related Finance & Banking words

Money returned when you overpaid taxes.

Locking your credit file against fraud.

An employer retirement account with tax benefits.

Tax ID for those not eligible for an SSN.

Minimum payment

The smallest allowed credit card payment.

The annual wage form employers send for taxes.

Your record of borrowing and repaying.

A credit check that slightly lowers your score.

Keep learning

More Finance & Banking vocabulary

Browse every word in this category.

Take a quiz on Finance & Banking words.