Checking & Savings Accounts Explained in 3 Minutes 

In this video, you'll learn about checking and savings accounts, how they are different, and why you need both!
A checking and savings account allows you to spend and save money responsibly. They are arguably the two most important accounts you'll have for your entire adult life. Here is what you'll learn:
- What Is a Checking Account?
- What Is a Savings Account?
- Why Do You Need a Checking & Savings Account?
- When Should You Open a Checking and Savings Account?
- Is a Checking or Savings Account Better?
- Are Checking Accounts Necessary?
- Are Savings Accounts Necessary?
In under 3 minutes, you'll be a master at explaining and using your checking and savings account. This is a video everyone needs to watch if they want to master personal finance.
Timestamps:
0:00 Checking & Savings 101
0:21 What Is a Checking Account?
1:17 What Is a Savings Account?
2:06 Savings Account Interest Rates
2:23 Online Savings Accounts Explained
2:36 Checking vs. Savings Accounts: Which Is Better?
3:10 Checking and Savings Recap
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