Savings account vs. checking account.
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A savings account is an account in which you deposit money and watch it grow as it accumulates interest. Banks will likely require you to maintain a minimum balance. A savings account is not intended for daily use, so you won’t be writing checks from it to pay for daily transactions—that’s where a checking account comes in. Ideally, you’ll store enough money in the checking account—which offers zero or little interest—so you can write checks to pay bills, as well as get a debit card linked to the account to purchase items and withdraw money from an ATM.
