Money that has been set aside, especially in a bank or other financial institution, for future use rather than spent immediately. She deposited her savings in a high-interest account to prepare for emergencies.
The portion of income not spent on current expenditures; the act or process of saving money. His monthly savings allowed him to afford a vacation at the end of the year.
An amount of money or resources that is saved, often as a result of reduced spending or cost-cutting. The company’s new policy resulted in significant savings on energy bills.