What feature distinguishes a savings account from a checking account?

A savings account is typically designed for accumulating funds over time and generally earns interest, which is a key feature that distinguishes it from a checking account. Savings accounts are intended for saving money rather than for frequent transactions, which is why they tend to offer higher interest rates. In contrast, checking accounts are geared toward handling daily financial activities, such as making purchases and paying bills, which usually do not yield interest or earn very little. This fundamental purpose of each account type highlights the role of savings accounts in fostering savings and financial growth through interest earnings.