Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Good yield vs. safer route (Checking vs. Savings)
There is no difference in safety form the perspective of the bank failing, due to FDIC/NCUA insurance.  However, there is a practical issue that should be considered, if you allow payments to be automatically withdrawn from your checking account  In the case of an error, all of you money may be unavailable until the error is resolved, which could be days or weeks.  By having two accounts, this possibility may be reduced.  It isn't a difference between checking and savings, but a benefit of having two accounts. Note that if both accounts are at the same bank, hey make take money from other accounts to cover the shortfall. That said, I've done this for years and have never had a problem.  Also, I have two accounts, one at a local credit union with just enough kept in it to cover any payments, and another online account that has the rest of my savings.  I can easily transfer funds between the two accounts in a couple days.