Savings accounts were replaced by checking accounts after the great depression. They still called them savings accounts, but people had no idea that 'savings' m

Savings accounts were replaced by checking accounts after the great depression. They still called them savings accounts, but people had no idea that 'savings' meant people did not have instant + reliable access to it. So now we have 0.01% interest 'savings' accounts! They are just as liquid as our checking accounts.