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Pros and Cons of Having a Savings and Current Bank Account

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MoneyMax.ph

<p>Each time you use an ATM, it prompts you to choose between a savings account and a current (or checking) account. You’ve probably wondered how they differ from each other.</p><p>Savings and current accounts are two basic types of deposit accounts, each serving different financial needs of different kinds of consumers. Determine the pros of cons of having a savings or current bank account in our slideshow.</p><p>For more finance and business tips, head over to <a href="https://www.moneymax.ph/?utm_source=abscbn&amp;utm_medium=referral">MoneyMax.ph.</a></p><div class="media-content"><div class="slider-for"><div><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2018/business/01/12/page1.png"/></div><div><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2018/business/01/12/page2.png"/></div><div><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2018/business/01/12/page3.png"/></div><div><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2018/business/01/12/page4.png"/></div><div><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2018/business/01/12/page5.png"/></div></div></div>

<p>Each time you use an ATM, it prompts you to choose between a savings account and a current (or checking) account. You’ve probably wondered how they differ from each other.</p>

Each time you use an ATM, it prompts you to choose between a savings account and a current (or checking) account. You’ve probably wondered how they differ from each other.