It is important to understand the difference between a checking account and a savings account. As a general rule, savings accounts yield interest, but are limited in the number of withdrawals allowed during the statement period. A checking account typically offers an unlimited number of withdrawals and checks, but does not yield interest.
Income, Profit, Owner's Comp, Tax, and Operating Expense should all be set up as checking accounts. The flexibility offered by checking accounts far outweighs any minuscule interest you get by using savings accounts.
The two "no-temptation" accounts set up at your secondary bank - Profit Hold and Tax Hold - should be set up as savings accounts. This is where you will collect interest because your money will pool for a while.
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