HYSA FAQ
Does Opening a Hysa Affect Credit Score
In today's financial climate, high-yield savings accounts (HYSAs) have become increasingly popular among savers looking to earn more from their cash holdings. Offering significantly higher interest rates compared to traditional savings accounts, HYSAs are an attractive savings vehicle. However, many potential account holders wonder about the possible side effects of opening a HYSA on their credit score—a number that is pivotal for obtaining loans, mortgages, and even some job opportunities. In this comprehensive guide, we'll explore how HYSAs interact with credit scores and provide a holistic view of what to expect when you open one.
Read More