A checking account is for managing your day-to-day finances, such as paying bills, making debit card transactions and writing checks. A savings account is for storing funds for emergencies or short-term goals, and the money typically earns a modest amount of interest.

Checking accounts and savings accounts are two important types of bank accounts to help you manage your money. However, if you’re new to the world of banking, you might not be familiar with how they work or complement each other. So if you’re curious ...

More and more Americans are choosing to move their funds from traditional checking and savings accounts to investment income vehicles. Although inflation-adjusted balances in checking and savings accounts have remained flat, total cash reserves have been ...

Striking the right balance between your checking and savings accounts can help your money grow. Checking accounts are ideal for managing daily expenses, while savings accounts are best for long-term financial goals. Allocate your funds based on monthly ...

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Curious how much money Americans keep in their checking and savings accounts? This data shows where you fall by age, household, and education level.

Standout benefits: The Capital One Kids Savings Account has a competitive APY, no fees and no account minimum. Starting at age 8, your child can also open a Capital One MONEY Teen Checking account with more access. Both will automatically convert into an adult Capital One 360 Performance Savings™ when they turn 18.