What is the difference between a checking and savings account?

A checking account is used for everyday transactions. A savings account is to be used to store money for long-term and accrue interest over time.

More Checking Account FAQs

What is a checking account?

Do checking accounts earn interest?

How do checking accounts work?

Is a debit card a checking or savings account?

What is the advantage of having a checking account?

Are checking accounts insured?

How often should you typically monitor your checking account?