savings account


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]
  1. 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]
    SYNONYM
    Not found!
    ANTONYM
    Not found!
synonym
antonym

savings account used in phrases

  • Individual Savings Account (noun)
    1. a UK investment product with no tax on income or any capital gains
  • passbook savings account (noun)
    1. a savings account in which deposits and withdrawals are recorded in the depositor's passbook
  • retirement savings account (noun)
    1. a plan for setting aside money to be spent after retirement
  • savings account trust (noun)
    1. 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
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