Question

Explain, using complete sentences, the similarities and differences between checking accounts and savings accounts.

Answer 1

the main difference is that savings account have an interest that compounds every year usually however in the USA that interest is usually of < .05%

Answer 2

I need similarities and differences please.!

Answer 3

The simularities are that they both hold money for your own good and they are there if you need to get money out of it. The goverment holds on to both of saving and checking accounts.