Bankers and finance experts can provide information on how both these bank accounts differ from each other based on various parameters, i.e., Purpose, Minimum Balance Needed, Interest Rate, and Conversion. Using the 100% editable deck, you can explain that a savings account is designed to encourage saving and provide a safe place to deposit money. On the other hand, a salary account is a type of bank account that is typically used by employers to pay their employees' salaries.