Since the 0.14.2 update two new balances have been added, a Savings STEEM balance and a Savings SBD balance. The benefit of these balances is that they have a timed withdrawal of 72 hours, and during that time the withdrawal can be canceled at any time. This 72 hour window provides a layer of security and time to secure your account in the event that there is a security breach.
Purpose
All transfers out of savings accounts will have 3 Day delay during which the sender can notice, recover their account & cancel the transfer, an ideal way to minimize the event of a successful security hack. This way Steemians will be encouraged to adopt Savings accounts as it add's an extra layer of security and ideally curbs liquidity from speculative trading.
Note that there 3 Assets that make up Steemit's Financial Market ;
-STEEM
-STEEM DOLLAR
-STEEM POWER
As you may know by now, STEEM POWER is not transferable! (You can Power UP other Steemit's Accounts but using your liquid STEEM)
This means that only to get back your STEEM that you converted into STEEM POWER, when you make the decision to Power Down which will take up to 2 years.
This makes it extremely safe from Hacks, unless you have not been active with your Steemit account for more than 2 years. Would be hard for Hackers to steal your STEEM POWER as it takes a reasonable long period of time to receive back your VESTED STEEM.
That means your STEEM and STEEM DOLLAR may go missing at any given moment when someone gains access to your personal account. Once someone has breached into your Steemit user profile they are likely to want to steal your hard earned money and can do so, by instantaneously sending the currency to many ghost accounts.
If they know how to get into your account, they will most likely know how to withdraw money from your account and restrict your access to it! Now you can officially secure STEEM and STEEM DOLLAR in a Saving Accounts, it will take 3 Days for you to have zero restriction when it comes to transferability of your personal Digital Tokens.