savings (A2)

noun

Pronunciation: /ˈseɪvɪŋz/

Definition

Money that has been saved, especially by not spending money that you could have spent.

Examples

• The new energy-efficient appliances led to significant savings on their electricity bill.

• He built up his savings over many years to buy a house.

• The company announced cost savings of $1 million through restructuring.

How to Use savings

savings account (collocation)

A bank account where money is deposited and earns interest. — "He opened a savings account to keep his emergency fund."

savings rate (collocation)

The proportion of disposable income that is saved. — "The national savings rate has been declining in recent years."

Synonyms of savings

Words with a similar meaning to savings:

• funds
• capital
• nest egg

Antonyms of savings

Words with the opposite meaning to savings:

• spending
• debt
• expenditure

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