diff --git a/examples/wallets/src/lib.rs b/examples/wallets/src/lib.rs
index e12905797f..9fa345ced3 100644
--- a/examples/wallets/src/lib.rs
+++ b/examples/wallets/src/lib.rs
@@ -115,6 +115,31 @@ mod tests {
         Ok(())
     }
 
+
+    #[tokio::test]
+    async fn create_and_store_mnemonic_wallet_with_address_named_keystore() -> Result<()> {
+        // ANCHOR: create_and_store_mnemonic_wallet_with_address_named_keystore
+        use fuels::prelude::*;
+
+        let dir = std::env::temp_dir();
+
+        let phrase =
+            "oblige salon price punch saddle immune slogan rare snap desert retire surprise";
+
+        // Use the test helper to setup a test provider.
+        let provider = setup_test_provider(vec![], vec![], None, None).await?;
+
+        // Create first account from mnemonic phrase.
+        let wallet = WalletUnlocked::new_from_mnemonic_phrase(phrase, Some(provider))?;
+
+        let password = "my_master_password";
+
+        // Encrypts and stores it on disk. Can be recovered using `Wallet::load_keystore`.
+        let _uuid = wallet.encrypt_with_name(&dir, password, wallet.clone().address())?;
+        // ANCHOR_END: create_and_store_mnemonic_wallet_with_address_named_keystore
+        Ok(())
+    }
+
     #[tokio::test]
     async fn wallet_transfer() -> Result<()> {
         // ANCHOR: wallet_transfer
diff --git a/packages/fuels-accounts/src/wallet.rs b/packages/fuels-accounts/src/wallet.rs
index c8f2618834..b2fc1e7a41 100644
--- a/packages/fuels-accounts/src/wallet.rs
+++ b/packages/fuels-accounts/src/wallet.rs
@@ -171,6 +171,20 @@ impl WalletUnlocked {
             .map_err(|e| error!(Other, "{e}"))
     }
 
+    /// Encrypts the wallet's private key with the given password and saves it
+    /// to the given path named with given name.
+    pub fn encrypt_with_name<P, S>(&self, dir: P, password: S, name: &str) -> Result<String>
+    where
+        P: AsRef<Path>,
+        S: AsRef<[u8]>,
+    {
+        let mut rng = rand::thread_rng();
+
+        eth_keystore::encrypt_key(dir, &mut rng, *self.private_key, password, name)
+            .map_err(|e| error!(Other, "{e}"))
+    }
+
+
     /// Recreates a wallet from an encrypted JSON wallet given the provided path and password.
     pub fn load_keystore<P, S>(keypath: P, password: S, provider: Option<Provider>) -> Result<Self>
     where