savings account - meaning and definition. What is savings account
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What (who) is savings account - definition


savings account         
¦ noun a deposit account.
Savings account         
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn.
Health savings account         
AMERICAN TAX-ADVANTAGED MEDICAL SAVINGS ACCOUNT
Health Savings Accounts; Health Savings Account; HSA tax documents
A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal income tax at the time of deposit.

Wikipedia

Savings account
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn.
Examples of use of savings account
1. People would be able to make regular contributions to the Lifetime Savings Account, or LSA, which would be similar to the current tax–free Individual Savings Account.
2. She didn‘t explain how her savings account was being affected.
3. A cow might be used to settle a dispute or as a kind of savings account.
4. This week he presented a new plan: a savings account for every child.
5. They also found 4,400 in cash and discovered 10,000 in a savings account.