People usually use investing and saving term interchangeably as there are few similarities between these two entities. Both are related to the usage of money in an effective way and better wealth creation. Both involve similar concepts like the ease of access to funds, substantial gain, the risk factor involved, etc. However, usually saving is meant for shorter-term requirements and investment is usually done for long term goals.

Saving accounts comes with typical factors like low risk with low returns. Usually, people open saving account for emergency funding, vacation planning or buying some appliances. On the other side investment is nothing but buying assets like bonds, shares or stocks in the market. People usually invest in long term goals like retirement planning, high returns, etc. The investment comes with high returns with more risk factors compared to saving. Saving money comes with high liquidity and quick cash withdrawals. In the investment account, you gain a much higher rate of returns compare to saving the account. Depending on the investment type, cash withdrawals may take a longer time than savings.