ˈsavings acˌcount noun [countable] a bank account in which you keep money that you want to save for a period of time, and which pays you
interest on the money you have in it ⇒
checking account,
current account [TahlilGaran] Dictionary of Contemporary English ▲
savings account n. An account in a bank, where people put money to save it, and the bank uses the money and pays interest every year.
If you leave your money in your savings account for six months or a year, the bank will pay interest on it. Compare: CHECKING ACCOUNT.
[TahlilGaran] English Idioms Dictionary ▲