Dear Liz: Because of financial needs, I may need to withdraw early from several of my certificates of deposit. I know there are fees or penalties associated with the early withdrawals, but would this affect my credit scores or any other financial rating? I don’t want to tarnish my relationships with financial institutions in any negative way and want to keep my credit score of 800-plus untarnished.
Answer: Your credit scores are based entirely on the information contained within your credit reports. If you access them (you can get a free annual look at http://www.annualcreditreport.com), you’ll notice there are no bank accounts listed — only credit accounts.
The only time your behavior with a bank account could wind up on your credit report is if you bounce checks and fail to pay the bank. In that case, your account could be turned over to collections, and that could show up on your credit reports.
Otherwise, though, your banking relationships don’t affect your scores.