Quote:
Originally posted by michaelw
what exactly is the difference between a savings and a checking account?
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Savings account as far as I know is "notice" account........to get higher interest % on your money you have to give notice to the bank 1 month in advance (depending on the bank and the deal) that you will withdraw some amount of money.
Checking ..... you get checks and you spend your money as you like and get less interest %.
I get 3% i think..... When bank is advertising it than is 4-5% but don't be suprised if you find it going down after few months when bank gets enough new customers.
