Savings Account A "savings account" is an account that is maintained with a financial institution such as a bank by a customer in order to accumulate funds over a specific period of time. Money is usually kept in a savings account for safe keeping and typically earns interest.   Top Searched Terms Adjustable-Rate Mortgage Bond Yield Durable Power of Attorney for Healthcare EBITDA ETF FICO Score   Foreclosure Jumbo CD Like-Kind Property Mutual Fund P/E Ratio Probate                            Browse Glossary : A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z   All Top Finance Articles What Is a Joint Tenancy with Right of Survivorship (JTWROS)? How to Set up a Budget Are Occasional Drivers Covered On Your Insurance Policy? Part-Time Work after Retirement Will Closing an Old Credit Card Account Hurt My Credit Score? All Personal Finance Articles

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