Which is better? A higher Chequings or a Higher Savings?

Question

I always like to have $1000 more in my chequings than in my savings. Is this good? Or should I flip it?

Answer 1

$1,000 in a checking account will not draw interest.

Keep the bare minimum in your checking account (enough to cover bills, entertainment, gas, etc.) and put the rest in savings. This way, you will draw interest.

Answer 2

Well, most checking accounts in the U.S. pay little or no interest, so you money isn't working for you in a checking account, whereas in a savings account you will earn a little something on it.