A savings account is an important financial tool that allows you to save and earn interest on your money. However, there are other words and phrases that can be used to refer to a savings account. One common synonym for a savings account is a deposit account, which refers to any type of bank account where money is deposited and held for safekeeping. Another synonym for a savings account is a passbook account, which is a type of savings account that comes with a physical passbook to keep track of deposits and withdrawals. Other synonyms for a savings account include a savings deposit account, a high-yield savings account, and a money market account.