can use a debit card
charged a penalty if withdraw money early
most liquid account-most transactions per month
earns interest
low deposits to open (less than $100)
can transfer money to checking for overdrafts
bill paying account
usually does not pay interest
longer time commitment until maturity (6mo.to 2yrs)
larger deposits to open ($1,000+)
fewer transfers and withdrawals (6 per month)
pays the most interest
