So I’m debating whether to open a Citi eSavings account. On top of that, they have a 6 Month CD @ 5.5%, but I worry that having too many savings accounts hurts my credit and opens me up for more potential fraud.
Right now, I have 3 savings accounts, 2 checkings accounts opened.
How many savings, and checking accounts for that matter, would you open? How many do you have open?
EDIT: I’d like to clarify that it’s not the savings accounts that hurt credit, in fact having accounts opened for long periods of time may actually benefit your credit score. Rather it’s the hard credit check that sometimes happens, depending on who you are opening the account with, that actually would lower your credit score.
Also, to clarify “opens me up for more potential fraud,” I mean that having more accounts means more “holes” that could be attacked.