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Saving accounts are used to saving money. The ideal plan is to continually deposit money into your savings account, while you earn interest on the money, and your wealth grows. This money can be withdrawn in the future for emergencies or other reasons. On the other hand, a checking account is on that is used for day-to-day transactions. They are linked to a debit card or a chequebook and they allow to track your money spent easily. Both accounts can have interests offered on them, but savings accounts usually have more interest. They both have particularly useful purposes.