Definition: Meaning of, savings account in English to English dictionary.
Pronunciation:/ ˈseɪvɪŋz əˈkaʊnt /
noun
synonym
antonym
Word Forms:
Singular
Plural
savings account
savings accounts
[countable]
a bank account in which you keep money that you want to save for a period of time, and which pays you INTEREST on the money you have in it [↪ checking account, current account]
a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary