I currently have my savings in a HYSA with American Express. They are currently offering 2.1% APY so it's not terrible but I see that there are other institutions that offer higher rates. Saw one at 2.5% APY (investor eaccess). Does closing the AMEX and opening a new savings account cause a hit to my credit score? That 0.4% difference equates to more than $60/yr with the current balance (this excludes my weekly contributions so it would be significantly more). I want to get the most out of my savings investments but don't want to be hit with any hidden fees or long-term affect to my credit score.
Thank you!
Submitted April 13, 2019 at 10:06AM by bjchu92 http://bit.ly/2UwPyFr
