1. money that has been saved, especially in a bank account
Usage: usually plural
2. an amount of money that is not spent or is less than expected
Usage: often used with ‘of’

Examples

• She put her savings in a high-interest account.
• They used their life savings to buy a house.
• The sale offered significant savings on electronics.
• His savings account has grown steadily over the years.
• We achieved savings of 20% by switching suppliers.
• The family’s savings were wiped out by medical bills.
• Shopping at discount stores can lead to real savings.