I own both, load for both and shoot both regularly.
Savage 12BVSS .243 Win., CZ 550 American 6.5x55.
Both will shoot very, very well if I am having a good day. The Savage will print 3/4", 5 shot groups at 100 yds. (occasionally better) when properly fed, and the CZ 550 will do slightly better. Both shoot better than my Kimber 84M "Classic" that cost more than twice the price of either the Savage or CZ! For "from-the-box" volume production rifles, how can a guy complain? (The Savage likes Hornady bullets and the CZ prefers Sierras. So it goes...)
The trigger on the Savage is the equivalent of a fairly well adjusted Rem 700. The CZ's set trigger is nearly target quality. When set, is one clean, crisp, consistent HAIR trigger. And the CZ's trigger is easily adjusted. Mine is adjusted to a very consistent 2-1/4 lbs.
Savage fit and finish is pretty good. Much better than the 1992 vintage 110 I had in .270. UGH! The CZ is a couple grades better. The metal finish is better. The wood to metal fit is better. The quality of the wood and inletting is better. And the feel is a WHOLE lot better!
The CZ's bolt is silky smooth, true Mauser. The Savage is not as smooth, "bump 'n run" (push feed) bolt action. Both will do the job, but the CZ will do it a little more nicely! Aesthics have value, too.
Price wise, they are not all that far apart. I like my Savage, but I love my CZ!
Handle them both. Compare them closely. Then decide where YOU think the value is.
You are the one who will use it after all.
Waddison