Meaning of “savings account” in the English Dictionary

british dictionary

"savings account" in American English

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savings accountnoun [ C ]

us /ˈseɪ·vɪŋz əˌkɑʊnt/

an account in a bank or similar financial organization that earns interest (= a kind of profit)

(Definition of “savings account” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"savings account" in Business English

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savings accountnoun [ C ]

uk us also saving account BANKING

a bank account which earns interest on the money kept in it:

Students are being encouraged to open a savings account and manage their money.
an instant-access/high-interest savings account

(Definition of “savings account” from the Cambridge Business English Dictionary © Cambridge University Press)

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