A savings account is an account that pays interest on money left in it. Open a savings account.
The best rate is nearly always on a new account, and old ones are quietly cut. A savings account is protected up to a limit if the bank itself fails.
1nounsavings accountAn account that pays interest on money left in it.
“The savings account paid four per cent for a year and then almost nothing.”
savings account is an account.
Practised in Bank & Post Office