Joint Savings Account - Will it affect credit scores?

Juden

Hi,

If this has already been covered please point me in the right direction!

Me and my partner are looking at opening a joint savings account, online type for savings only. Will it have any impact on her credit rating, as I have a low credit rating?


Will being linked with me via a bank account affect her at all?

(I have paid off my debts recently and I'm taking steps to improve my credit score).

We are very settled and own our house outright together, so I'm pretty sure she won't run off with it :rotfl:.

Thanks in advance.

YorkshireBoy

Juden wrote: »

We are very settled and own our house outright together, so I'm pretty sure she won't run off with it :rotfl:.

Let her open the account in her name only then.


You need to read any T&Cs (specifically the privacy/how we use your information sections) very closely because some banks do link you for a joint savings account (according to reports I've read on here, including some from bank employees).

Archi_Bald

An advantage of her running the account could be that she could probably open one of the good interesting paying current accounts, for use as savings account only, and make several times the interest a savings account would yield.