savings account
Pronunciation
/sˈeɪvɪŋz ɐkˈaʊnt/

Definition & Meaning of "savings account"in English

Savings account
01

a bank account that pays interest on one's deposited money and is intended to help one save over time

Grammatical Information
Animacy status
Inanimate
Composition
Compound
Countable
Plural form
savings accounts
Examples
She transferred part of her salary into her savings account each month.
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