This is a very common question and the answer is No as they both serve different porpuses. A checkings account is designed for individuals that need access to fast payments and numerous transactions. On the other hand, savings account serve a mid-long term mechanism to maintain cash while receiving interests on the deposited funds. Instead of spending time trying to figure out which one is better, go out and get both of them! Most banks nowadays are offering both types and in most cases, there is no additional charge for owning multiple accounts.