Savings account
volume
British pronunciation/sˈeɪvɪŋz ɐkˈaʊnt/
American pronunciation/sˈeɪvɪŋz ɐkˈaʊnt/

Definition och Betydelse av "savings account"

Savings account
01

sparkonto

a bank account that pays interest on one's deposited money and is intended to help one save over time
example
Exempel
examples
The customer credited their savings account with a large sum of money from their inheritance.
Her savings account had a humongous balance after years of diligent investing.
Every month, she pays a fixed sum into her savings account.
The bank offers a competitive interest rate on savings accounts.
The interest on the savings account grows cumulatively with each deposit.
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