Yes, steed is in the scrabble dictionary

...and is worth 6 points by itself.

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Steed Definition

noun

A horse, especially a spirited one.
from The American Heritage Dictionary of the English Language, 4th Edition
A spirited horse (as for war).
from Free Scrabble Dictionary

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Top Words by points

Points

steed

6

2 letter words with STEED

Points

de

3

ed

3

es

2

et

2

te

2

3 letter words with STEED

Points

dee

4

tes

3

tee

3

ted

4

set

3

see

3

est

3

eds

4

4 letter words with STEED

Points

seed

5

deet

5

dees

5

teds

5

teed

5

tees

4

5 letter words with STEED

Points

steed

6

deets

6

Found 21 words in 0.15004 seconds