SAVINGS ACCOUNT

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does savings account mean? 

• SAVINGS ACCOUNT (noun)
  The noun SAVINGS ACCOUNT has 1 sense:

1. a bank account that accumulates interest

  Familiarity information: SAVINGS ACCOUNT used as a noun is very rare.

 Dictionary entry details 

• SAVINGS ACCOUNT (noun)

Sense 1

Meaning:

A bank account that accumulates interest

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("savings account" is a kind of...):

bank account (a fund that a customer has entrusted to a bank and from which the customer can make withdrawals)

Hyponyms (each of the following is a kind of "savings account"):

deposit account; time deposit account (a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest)

dormant account (a savings account showing no activity (other than posting interest) for some specified period)

passbook savings account (a savings account in which deposits and withdrawals are recorded in the depositor's passbook)

 Context examples 

An officially chartered institution empowered to receive deposits, make loans, and provide checking and savings account services, all at a profit.

(Bank, NCI Thesaurus)