Originally Posted by Xanatos903
The only reason you wouldn't want it linked is if you couldn't trust yourself with being able to easily transfer money between the two.
Easy transfers if needed
Protection from overdraft
Harder transfers (but this is really only hard if you've got them at different banks)
No protection from overdraft
You forgot to mention that if your accounts are linked and somebody hacks your account they can not only wipe your checking account but once your checking balance is gone it will defualt and wipe your savings as well. Granted you wil get your money back, but it takes a few days.
As for the OP...
You only have a grand. I would open a savings account. If you don't have a lot of cash odds are more likely you will need to tap it for an emergency. Putting your money in an IRA or a CD will just result in you not only losing any compounded interest you may have earned the early withdrawl fee will cause you to loose money.