Checking vs. Savings

6 withdrawals or transfers per month

• savings

• checking

• both

your money can earn the most in interest in this account

• savings

• checking

• both

best for money needed in the future

• savings

• checking

• both

good for building an emergency fund

• savings

• checking

• both

limited access so you don't spend all the money in the account

• savings

• checking

• both

the online version of this account usually has higher interest rates

• savings

• checking

• both

can use the ATM more often with this account (although there might be a limit)

• savings

• checking

• both

using a debit card will take money directly out of this account

• savings

• checking

• both

best for money needed on a daily basis

• savings

• checking

• both

can order checks that you can use to take money out of the account

• savings

• checking

• both