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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebSavings AccountA savings account is a type of bank account that allows individuals to deposit money and earn interest on their savings. It is typically used for keeping money aside for future needs or emergencies. Senses/Usages:1. Noun - General DefinitionA savings account refers to a secure place where individuals can store money and earn interest over time. Example sentence: He decided to open a savings account to save money for his dream vacation. 2. Noun - Financial InstitutionSavings account can also refer to a specific account offered by a bank or a financial institution. Example sentence: The bank offers a competitive interest rate on their savings accounts. 3. Noun - Popular UseIn everyday language, a savings account is often used to refer to any type of account used to save money, regardless of the specific account type or financial institution. Example sentence: She regularly transfers a portion of her paycheck into her savings account. 4. Adjective - Describing an AccountWhen used as an adjective, "savings account" describes an account that is specifically designed for saving money. Example sentence: The bank offers various savings account options to meet different customers' needs. Related Products:Looking to learn more about savings accounts? Check out these related products on Amazon: | ||||
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