Genuine Savings
noungen·u·ine sav·ingspronounced JEN-yoo-in SAY-vingz
Last reviewed 16 April 2026
What does the noun Genuine Savings mean?
Money you have saved yourself over time, typically at least three months. Lenders use this to assess your ability to manage money and make regular payments. Gifts, windfalls, and tax refunds usually do not count as genuine savings.
How the noun Genuine Savings is used
The lender wanted to see at least three months of genuine savings in our account to prove we could manage money consistently before approving the loan.
Related words
Cite this entry
MLA citation: "Genuine Savings." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/genuine-savings. Accessed 29 May 2026.
Chicago citation: How to Property. "Genuine Savings." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/genuine-savings.
APA citation: How to Property. (2026, April 16). Genuine Savings. https://howtoproperty.com.au/definitions/genuine-savings