What is difference between checking and savings account

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These accounts typically earn interest a check. There's more to endorsing a. Education center Personal banking Banking.

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What is a Checking Account? A Simple Explanation for Kids and Beginners
Checking accounts are meant to be used for spending money, while a savings account is generally where you keep funds for future goals or purchases. The main difference between checking and savings accounts is that. Checking accounts, unlike savings accounts, are designed for everyday banking. � Savings accounts tend to have higher interest rates than checking accounts.