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  1. Dictionary
    Sav·ings ac·count
    /ˈsāviNGz əˌkount/

    noun

    • 1. a bank account that earns interest.

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      • A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay only a modest interest rate, their safety and reliability make them a good option for parking cash that you want available for short-term needs.
      www.investopedia.com › terms › s

      What Is a Savings Account and How Does It Work? - Investopedia

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  5. www.investopedia.com › terms › sWhat Is a Savings Account and How Does It Work? - Investopedia

    Feb 29, 2024 · A savings account is a low-risk, interest-bearing deposit account that you can access anytime. Learn how savings accounts work, what factors affect their interest rates, and how they compare to other options.

    • Julia Kagan
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  6. www.nerdwallet.com › savings-accounts-basicsWhat Is a Savings Account? - NerdWallet

    Dec 20, 2023 · A savings account is a deposit account that earns interest and is insured by the government. Learn how to choose a savings account, compare rates, and use it for your goals.

  7. www.bankrate.com › what-is-a-savings-accountWhat is a savings account? Definition, how they work

    Feb 5, 2024 · A savings account is a deposit account that earns interest and is insured by the government. Learn how savings accounts work, why you need one and how to choose the best one for your needs.

  8. www.forbes.com › savings › what-is-a-savings-accountWhat Is A Savings Account & How It Works – Forbes Advisor

    Mar 13, 2023 · A savings account is a deposit account designed to hold money you don’t plan to spend immediately. You can open a savings account at a bank or credit union and earn interest on your balance. Learn about the benefits, types and rates of savings accounts, and how to choose the best one for you.

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  10. www.businessinsider.com › personal-finance › what-isWhat is a Savings Account? - Business Insider

    A savings account is a bank account where you can keep your emergency fund or short-term savings and earn interest. Learn about the features, types, and benefits of savings accounts and how to choose the best one for you.

  11. www.usnews.com › what-is-a-savings-accountWhat Is a Savings Account? | Banking Advice | U.S. News

    Jun 27, 2023 · A savings account is an account at a bank, credit union or other financial institution that earns interest. Savings accounts are typically used to achieve short-term financial goals, such as...

  12. www.fool.com › banks › what-is-savings-accountWhat Is a Savings Account? | The Motley Fool

    Nov 30, 2023 · A savings account is a common account type offered by banks and credit unions. Money you put into these accounts accrues interest, unlike most checking account funds, so you can grow the value of...

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