Savings Accounts vs Savings Account

Both 'savings accounts' and 'savings account' are correct, but they are used in different contexts. 'Savings accounts' refers to multiple accounts, while 'savings account' refers to a single account.

Last updated: March 27, 2024 • 775 views

This phrase is correct and commonly used in English to refer to multiple accounts where people save money.

"Savings Accounts"

Use 'savings accounts' when referring to more than one account that people use to save money, such as in a bank or financial institution.

Examples:

I have three savings accounts at different banks.
Many people choose to diversify their savings by having multiple savings accounts.
The interest rates on savings accounts vary depending on the bank.
She opened savings accounts for her children to teach them about saving money.
It's important to compare the fees associated with different savings accounts.

Show examples from the web [+]

Paragraphs 1, 2 and 3 shall be without prejudice to debits effected on savings accounts covered by explicit agreements regarding the use of funds in savings arrangements.
These deposits, although not linked to a bank account, are used as a substitute to savings accounts.
To that I can only say that there are no savings accounts in Austria, only savings books.
Mr Lehne mentions in the explanatory statement to his report that savings accounts in Austria could be used for money-laundering purposes.
Reserves are like savings accounts. We have this principal that we don't touch; that produces returns, social, economic and ecological.
We'd like you to provide us with details of your bank accounts, you know, savings accounts - any credit cards you might have.
At the same time, NN Bank's credit card offer should also help to improve the stickiness of savings accounts.
This third party also considered that the commercial strategy of DBB/Belfius was creating distortions of competition by aggressive pricing in particular in relation to property loans, savings bonds, internet savings accounts and their loyalty bonuses.
The remaining part of pension savings accounts is held in cash and the interest rate determined by the credit or other institution in the same way as for other deposits.
Deposits with a maturity of over two years as defined in Part 3 of Annex I to Regulation (EC) No 2423/2001 (ECB/ 2001/13) may contain pension savings accounts.
Deposits with a maturity of over two years as defined in Part 2 of Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33) may contain pension savings accounts.
Deposits with a maturity of over two years as defined in Part 2 of Annex II to Regulation (EC) No 25/2009 (ECB/2008/32) may contain pension savings accounts.
The remaining part of pension savings accounts may be held in cash and the interest rate determined by the credit or other institution in the same way as for other deposits.
Retail banking customers' deposits (current accounts, savings accounts and term deposits) totalled EUR 60 billion at the end of 2011.
The main part of pension savings accounts is placed in securities and the interest rate on the accounts therefore depends on the yield of the underlying securities.
This is a matter for concern, as Article 65 (4) of the proposed directive refers to «savings accounts» without explaining where these accounts are held and for what purpose.
Corresponding to other euro area fiches Savings accounts in commercial banks CEL CODEVI LEP Livrets jeune Livrets soumis à l' impôt (taxable savings) SU0518 BISM.
The main part of the pension savings accounts may be placed in securities and the interest rate on the accounts then depends on the yield of the underlying securities.
The remaining part of the pension savings accounts may be held in cash and the interest rate determined by the credit or other institution in the same way as for other deposits.
ING provides current account services and payments systems, savings accounts, mortgage loans, consumer loans, credit card services and investment and insurance products.

Alternatives:

multiple savings accounts
various savings accounts
several savings accounts
numerous savings accounts
a collection of savings accounts

This phrase is correct and commonly used in English to refer to a single account where people save money.

"Savings Account"

Use 'savings account' when referring to a single account that a person uses to save money, such as in a bank or financial institution.

Examples:

I need to open a new savings account to start saving for a vacation.
Her savings account offers a competitive interest rate.
He transferred money from his checking account to his savings account.
It's important to regularly monitor your savings account balance.
She set up an automatic transfer from her checking account to her savings account.

Show examples from the web [+]

You have a suitcase and five pounds in a savings account.
Most people had a savings account and little debt.
It's like a savings account.
There was an anonymous cash deposit into your savings account yesterday.
She doesn't have a savings account.
Seems to me that a savings account would yield a higher rate of return.
I'll get my savings account.
We still have a savings account.
I sold my father's sailboat, put it all into a savings account.
Her savings account matures at the month-end.
A London savings account with a balance of £25.
His bank records show a seriously depleted savings account.
Hello? She's got $75,000 in a savings account.
But he does have just over 12 grand in a savings account.
Only a savings account listed, boss.
I've got about 300 pounds in cash in the house, and... 2,500 in my savings account.
Then eight months ago, he opens a savings account, and he gets once-monthly direct deposits from some company in the Caymans.
And this time, it's going right in the savings account.
Charlie and I have just over $900 in a savings account at Middlesex Bank.
Small savings account, IRA, and the largest withdrawal within the past year was $400.

Alternatives:

individual savings account
personal savings account
private savings account
one savings account
a single savings account

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Savings Accounts vs Savings Account