What is the difference between a savings account and a checking account?

A depositor’s main purpose for applying for a saving’s account is to store money that he may not necessarily have use for in a long-term basis. The money that he deposits in a savings account eventually earns interest, and will grow in time. A checking account on the other hand is for the purpose of placing money in a safe place but with the ease of accessing it when needed. With a checking account, the depositor need not go to his trusted bank and in front of a teller in order to withdraw or use the money in his account.