A savings account is a type of bank account that you use to store money that you don’t need on a daily basis.
Things You Should Know About Savings Accounts:
- You can earn interest on the money in your account.
- There is usually a limit to how often you can take money out without a fee.
- A savings account can help you keep money in a safe place for emergencies, larger purchases, and other non-monthly expenses.
https://www.nerdwallet.com/article/banking/savings-accounts-basics
