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Primary benefits for having a savings account include building an - because each serves a a large purchase, like education, understanding these features may help you determine which type of.
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Checking vs Savings AccountA checking account is for managing your day-to-day finances such as paying bills, making debit card transactions and writing checks. � A savings. Checking accounts allow quick access to your funds on an ongoing basis, and some checking accounts are interest bearing. Mainly, checking accounts are meant to be used for spending money, while a savings account is generally where you keep funds for future goals.
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