Will Closing my online high interest savings account hurt my credit score?
Question : Will Closing my online high interest savings account hurt my credit score?
I recently opened an online, high-yield savings account with Schwab, but I am very unhappy with both the account and the company so far. I would like to close it and move my savings to ING direct, but I don’t want to jeopardize my credit score. Any advice would be wonderful.
-Alex
high yield online savings
Best answer:
Answer by Captain Tenneal
Got nothing to do with your credit. Did you borrow money from Schwab?
No, closing any of assets account does not matter. Only credit accounts matter.