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At 3%, a savings account definitely makes sense if you've got money sitting around that you won't need in the short term - better than earning 0% in your checking account. Whether it's the best solution depends on how long you're parking the money and whether you might get more out of fixed-term deposits or other investment options. Inflation still eats into your returns even at 3%, but for money you want to keep safe, it's still better than nothing.
It depends on how long you want to park the money - for a couple of months 3% is obviously better than nothing in your checking account, but if you can invest it for longer, a fixed-term deposit account with slightly higher interest rates might be worth it more.
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