Oh, forgot to mention: Savings accounts have a 6 transaction per month maximum (as mandated by the Fed). If you exceed that, you'll be paying fees. So if you're

Oh, forgot to mention: Savings accounts have a 6 transaction per month maximum (as mandated by the Fed). If you exceed that, you'll be paying fees. So if you're going to be doing a lot of frequent deposits/withdrawals, you'd want to use a checking account.