Banking
Bank accounts come in different types, and two of the most common ones are savings accounts and checking accounts. Let’s explore their differences
Purpose: Spend money on everyday things (like a wallet).
Interest: Usually don’t earn extra money.
Access: Easy to take money out with a debit card or checks.
Checking account
Savings account
Purpose: Save money for the future (like a piggy bank).
Interest: Earn extra money from the bank.
Access: Harder to take money out; helps you save.