savings account
noun/ˈseɪvɪŋz əkaʊnt/
/ˈseɪvɪŋz əkaʊnt/
(British English also deposit account)
- a type of bank account that pays interest on the money that is left in it, but from which you cannot take the money out without giving notice or losing interest
- I opened a savings account at my local bank.
Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
Check pronunciation:
savings account