No interest is generated by keeping it in your savings account - I believe it's more of a fail-safe mechanism in case someone hacks your wallet, since they could transfer your liquid Hive immediately. But with the savings, there's time to get your account back before the 3 days it takes to get the Hive out of savings.
But if you power up your liquid Hive (which takes 13 weeks to fully withdraw again), you then earn interest on your Hive. So powering up actually acts more like a traditional savings account.
Your Hive wallet should have explanations about each, depending on what frontend you use. For example, this is what your hive.blog wallet says...
And PeakD shows this...
Feel free to shout out again if you have more questions
That's exactly the reason why I have some Hive in Savings. With the 3-day waiting period it's liquid-ish.
Thank you very much for your clear and detailed answer!
You're very welcome! Please feel free to shout out if you have any other questions - if I don't know the answer, I know some smart people who probably do. 😂