What do the "Fetch Wallet" options when opening a Ripple wallet mean?
"Payward, Local Browser" tries to fetch your wallet from Payward and if an account has not been found or if the Payward is not available / you are offline, it tries to fetch the wallet from local storage.
"Payward" only looks in Payward.
"Local" only looks in local storage.


P. S. You've set where to save your wallet in https://ripple.com/client/#/register right after the "Create Wallet" button.