savings account
noun Date: 1911 an account (as in a bank) on which interest is usually paid and from which withdrawals can be made usually only by presentation of a passbook or by written authorization on a prescribed form

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Savings account — Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while… …   Wikipedia

  • savings account — ➔ account1 * * * savings account UK US noun [C] (also saving account) BANKING ► a bank account which earns interest on the money kept in it: »Students are being encouraged to open a savings account and manage their money. »an instant access/high… …   Financial and business terms

  • savings account — n. A bank account in which money is held and accumulated, as opposed to being spent regularly as in a checking account. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • savings account — n. an account in a bank on which interest is paid …   English World dictionary

  • Savings Account — A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. Depending on the specific type of savings account, the account holder may not be able to write checks from the account… …   Investment dictionary

  • savings account — noun a bank account that accumulates interest • Hypernyms: ↑bank account • Hyponyms: ↑time deposit account, ↑deposit account, ↑dormant account, ↑passbook savings account * * * noun, pl ⋯ counts [count] …   Useful english dictionary

  • savings account — UK / US noun [countable] Word forms savings account : singular savings account plural savings accounts a bank account that gives you interest on the money that you have in it …   English dictionary

  • savings account — {n.} An account in a bank, where people put money to save it, and the bank uses the money and pays interest every year. * /If you leave your money in your savings account for six months or a year, the bank will pay interest on it./ Compare:… …   Dictionary of American idioms

  • savings account — {n.} An account in a bank, where people put money to save it, and the bank uses the money and pays interest every year. * /If you leave your money in your savings account for six months or a year, the bank will pay interest on it./ Compare:… …   Dictionary of American idioms

  • savings\ account — noun An account in a bank, where people put money to save it, and the bank uses the money and pays interest every year. If you leave your money in your savings account for six months or a year, the bank will pay interest on it. Compare: checking… …   Словарь американских идиом

  • savings account — savings ac.count n 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 ↑current account …   Dictionary of contemporary English

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