You might think that you could use an IRA "like a savings account" as long as you stay within the 60-day rollover window. But there's another limitation, the one-rollover-per-year limitation. When you put any part of an IRA distribution back into the IRA, or into a different IRA, you have done a rollover. You then cannot do any other rollovers until one year after the distribution that you first rolled over. You could take more distributions during the one-year waiting period. Those distributions would be fully taxable. Any money you put into any IRA would be treated as a new contribution, not a rollover.
