What I can do with 0% APR?

[tempdb]

Hi,
Recently BOA gave me 0% APR for first 12 months credit card with $7000 limit!!
Initially, I was reluctant to accept the offer. But the lady at their center explained me that you can take out the money from Credit card and put in your Saving account and earn interest.

Is it really that simple?? Can anybody help me understand, if this would work?
I am new to this kind of stuff..

[Jeremy]

Wow, they've reached a new low! I suppose you COULD do that, but you really shouldn't. What does their savings account pay, like 1% a year? So $7,000 would make you $70 in a year. Then you have to pay a $50 or so cash advance fee, so you're looking at a $20 profit. If you're a month late paying it off, like they are counting on. At 18% annual interest on the card you're going to owe $105 putting you $95 in the hole (plus over limit fees). If you happened to spend some of that money in the year and can't pay it off you will continue to accurate interest and fees. In short, I wouldn't do it.