Word and Category
Word: Savings Account
Category: Place Word
Related Definition: Interest
What this category means:
Place words describe locations where money is kept, saved, or managed. These words help children understand that different money “homes” have different purposes.
Definitions
In Simple Words
A savings account is a special bank account for saving money.
You put money in a savings account to save it for later.
A Little More Grown-Up
A savings account is a bank account designed to help people save money. Money in a savings account is kept safe and can earn interest over time.
Context Clues
Note: You can find the words “savings account” in Sammy Rabbit stories and activities when kids talk about saving for goals, earning interest, and planning ahead.
Sammy Says
Sammy Says:
“A savings account is where
Save-first habits live!”
Money Habit Connection
Using a savings account helps children practice saving first, setting goals, and letting time and interest help their money grow.
Silly Sentence
My savings account gave my money a cozy bed and told it to rest and grow.
Serious Sentence
A savings account helps you save money safely at the bank.
Rhyming Sentences
Silly Rhyming Sentence:
My savings account said, “Settle down—
We’re growing coins all over town!”
Serious Rhyming Sentence:
A savings account helps my money stay safe and grow over time.
Examples of Using a Savings Account
Saving allowance or gift money
Saving for a goal
Earning interest on saved money
Examples of What Is Not a Savings Account
Cash in your pocket
Money already spent
A checking account used for spending
Related Money Words
Save • Bank • Account • Interest • Goal
Opposite Money Words
Spend • Waste
Questions Parents and Teachers Can Ask Kids
Ask your child or student:
“Why is a savings account better for saving than carrying cash?”
Remember
A savings account helps your money stay safe and grow while you wait.
Related Standards Aligned Lesson Plans
Coming soon
Keep Kids and Families Learning
Kids, families, and schools of every kind can enroll in Sammy Rabbit’s Money School with a FREE, PREMIUM or Group Discount Money School Memberships, giving learners access to engaging, age-appropriate financial education resources.
Parents, teachers, and community leaders are invited to explore the resources and teaching tips available on SammyRabbit.com, starting with award-winning financial educator Sam X Renick’s article series, Money Lessons Parents Should Teach Kids!
Schools, community organizations, employers, and partners can learn more about Sammy's Dream Big Financial Education curriculum, a flexible, standards-aligned approach designed to help children build strong money habits, confidence, and lifelong skills.
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