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saving account

 

Definitions from the Web

Saving Account

A saving account is a type of bank account that allows individuals to deposit and save money while earning interest on the deposited amount.

Definition:

1. (noun) An account provided by a bank or financial institution for individuals to deposit and save their money, typically earning interest on the deposited amount.

Example Sentences:

  1. I opened a saving account to save money for my future expenses.
  2. The interest rate on my saving account is quite low.
  3. She decided to deposit a portion of her salary into a saving account every month.

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