Saving accounts usually offer higher interest rates than checking accounts. It is harder to access your money in a saving account than in a checking account.
A savings account is a basic type of bank account that allows you to deposit money, keep it safe, and withdraw funds, all while earning interest. Savings account may limit the number of withdrawals.
A checking account is a bank account that allows easy access to your money. It is also refered to as a transactional account, it’s the account used in order to pay bills and make most of financial transactions.
