How many bank accounts should I have? One for savings, one for emergency funds and one for spending? What banks should they be?

• 10K in Singlife account 2.5%
• Rest of my savings in Standard Chartered JumpStart 1%
• DBS for expenses, salary crediting & online purchases

So every month, I will put in the amount of money I can spend into my DBS MasterCard, I use it for meals/grocery/online shopping! :)

While the other 2 cards are just to save $!!

I think there is no limit to how many bank accounts you should have but instead look at whether the bank accounts have minimum fees, fall below fee etc. If they have and the account is dormant, it is recommended to close the accounts.

For myself, I have like 8 bank accounts (inclusive of Singlife) but I am only put monies in 2 bank accounts which is Jumpstart and Singlife.

As I still have yet to reach the minimum age, I will not close some of the accounts with min fees, fall below fees for now.