They provide places to keep your money safe from theft and from your own temptation to spend. Whether you open a checking or savings account, you will have a useful way of paying bills and keeping financial records.
Bank accounts are easy to open.
You choose a bank, open a new account and put your money into it. The savings accounts pay you interest for the use of it, but you are free to withdraw any or all of it any time you want. Checking accounts allow you to write checks. You can have either or both accounts. Here are a few tips to help you decide.