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Savings account
01
a bank account that pays interest on one's deposited money and is intended to help one save over time
Example
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.
The bank offers a competitive interest rate on savings accounts.
The interest on the savings account grows cumulatively with each deposit.
She had to obligate her savings account as collateral for the loan.
