In terms of liquidity, they are less
liquid than a checking account but more liquid than Share Certificates, or CDs.
Not exact matches
A savings
account is a highly
liquid account used to save money for a longer period of time
than checking.
Online savings
accounts usually earn a little more interest
than checking, which is nice, but the main benefit is that they are
liquid and will allow you to withdraw money in a pinch.
You are allowed to take half of all the cash assets from joint
checking, savings and other
liquid financial
accounts, but don't take more
than half or there could be legal repercussions later.