Hello, anon, lucky for you, you now have various student card options to sign up for, that includes frank debit, standard chart jumpstart, dbs live fresh etc. of all, i believe jumpstart is a better account for savings and to earn interest. they have lowered it fom 2% p.a to 1% p.a, but it is still pretty good for a student to be able to get. as for your POSB savings account, i suggest to still maintain it. for myself, i have jumpstart, posb savings and ocbc frank! reason to keep 1. DBS/POSB atm withdrawals are super convenient as its widely located this is my main reason to keep my card, because i can easily transfer funds on mobile to my dbs account and withdraw at nearest atm. 2. good to have 2 or more accounts; this account can be used to track your expenses. you can consider jumpstart as a savings account, then transfer a budget expenses amount to posb acc every month! 3. to maximise your posb account, i think you can search online for debit cards types and find one that suit your needs better! eg passion card, everyday card you can keep your posb account number, just get a new card that can help you to earn cashback/points for your expenses on this account :) only cons there is a minimum bal. of $500 to prevent penalty of $2 per month interest rate is super low, it is 0.05% p.a throughout, and is only credited at the end of year 31st dec.