Social Security Questions? Ask a Social Security Expert
SSA benefits are different and have different qualifiers.
SSI is a needs-based program for people with limited income and resources. Resources are assets or things that you own. SSA is based on your earnings.
Credits are the "building blocks" they use to find out whether you have the minimum amount of covered work to qualify for each type of Social Security benefits.
If you stop working before you have enough credits to qualify for benefits, your credits will stay on your record. If you return to work later on, you can add more credits so that you can qualify.
No benefits can be paid if you do not have enough credits. Interest you have does not count against you if you are applying for SSA benefits based on your work history.
Please advise if you need more information or rating in a positive way is acceptable.
No, not for regular SSA benefits based on your work history.
For SSI yes, interest is income that counts. It is Unearned Income. Income that is not earned, such as Social Security benefits, pensions, State disability payments, unemployment benefits, interest income, and cash from friends and relatives.
Generally, the more countable income you have, the less your SSI benefit will be. If your countable income is over the allowable limit, you cannot receive SSI benefits.
SSA benefits are based just on your work history. You can not be denied if you have enough credits built up from past work. No other income you have counts against it, not even interest.