Timeline for Is it a bad idea to open a savings account for the bonus and then close it once I get it?
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Feb 9, 2017 at 0:35 | comment | added | iheanyi | Some banks have a 6 month period where you must keep the account open to not lose the bonus. That plus the account minimums to avoid service fees could dramatically increase the opportunity cost. | |
| Dec 13, 2016 at 20:13 | vote | accept | user541686 | ||
| Aug 7, 2015 at 6:06 | comment | added | briantist | @Eric I don't think they are because generally checking and savings accounts aren't reported to the agencies, and they can't include it if they have no information on it. In my reports, none of my bank accounts are included, and they don't seem to affect my average account age. | |
| Aug 6, 2015 at 12:46 | history | answered | mhoran_psprep | CC BY-SA 3.0 |