diff --git a/src/ast/mod.rs b/src/ast/mod.rs
index 62d4cc935..7c6f28ee3 100644
--- a/src/ast/mod.rs
+++ b/src/ast/mod.rs
@@ -956,6 +956,8 @@ pub enum Statement {
         /// A SQL query that specifies what to explain
         statement: Box<Statement>,
     },
+    /// SAVEPOINT -- define a new savepoint within the current transaction
+    Savepoint { name: Ident },
     // MERGE INTO statement, based on Snowflake. See <https://docs.snowflake.com/en/sql-reference/sql/merge.html>
     Merge {
         // Specifies the table to merge
@@ -1619,6 +1621,10 @@ impl fmt::Display for Statement {
                     write!(f, "NULL")
                 }
             }
+            Statement::Savepoint { name } => {
+                write!(f, "SAVEPOINT ")?;
+                write!(f, "{}", name)
+            }
             Statement::Merge {
                 table,
                 source,
diff --git a/src/parser.rs b/src/parser.rs
index 187e24b05..3389ab8d1 100644
--- a/src/parser.rs
+++ b/src/parser.rs
@@ -179,6 +179,7 @@ impl<'a> Parser<'a> {
                 // standard `START TRANSACTION` statement. It is supported
                 // by at least PostgreSQL and MySQL.
                 Keyword::BEGIN => Ok(self.parse_begin()?),
+                Keyword::SAVEPOINT => Ok(self.parse_savepoint()?),
                 Keyword::COMMIT => Ok(self.parse_commit()?),
                 Keyword::ROLLBACK => Ok(self.parse_rollback()?),
                 Keyword::ASSERT => Ok(self.parse_assert()?),
@@ -367,6 +368,11 @@ impl<'a> Parser<'a> {
         Ok(Statement::Assert { condition, message })
     }
 
+    pub fn parse_savepoint(&mut self) -> Result<Statement, ParserError> {
+        let name = self.parse_identifier()?;
+        Ok(Statement::Savepoint { name })
+    }
+
     /// Parse an expression prefix
     pub fn parse_prefix(&mut self) -> Result<Expr, ParserError> {
         // PostgreSQL allows any string literal to be preceded by a type name, indicating that the
diff --git a/tests/sqlparser_postgres.rs b/tests/sqlparser_postgres.rs
index 750b49869..b0bda1438 100644
--- a/tests/sqlparser_postgres.rs
+++ b/tests/sqlparser_postgres.rs
@@ -871,6 +871,16 @@ fn test_transaction_statement() {
     );
 }
 
+#[test]
+fn test_savepoint() {
+    match pg().verified_stmt("SAVEPOINT test1") {
+        Statement::Savepoint { name } => {
+            assert_eq!(Ident::new("test1"), name);
+        }
+        _ => unreachable!(),
+    }
+}
+
 #[test]
 fn parse_comments() {
     match pg().verified_stmt("COMMENT ON COLUMN tab.name IS 'comment'") {