The creation schedule is important as it determines when the payment is initiated. The closing schedule, on the other hand, impacts the finalization of the transaction.
However, the choice between the two depends on your specific business requirements and operations.
What are your requirements?
Need to batch transactions for subsequent approval. Running the saved search for each account to compile the transactions for approval and then after approval batch should be put into the outgoing folder to be transferred by SFTP on a schedule to the appropriate bank for the account.