Transaction account
Usually optimized for incoming deposits, bills, card purchases and frequent transfers.
Savings account
Usually optimized for holding cash, with interest and access rules that vary by provider.
Using both
Separating bill money from emergency or goal savings can make records easier to interpret.
Compare actual terms
Fees, interest rates, transfer limits and protections matter more than the account label.
Educational information only. Use current product terms and the rules that apply in your country. For decisions with significant financial consequences, consider an appropriately qualified professional.