Should I close my OCBC Frank Account?

You should move all your funds out of OCBC. You can consider keeping most of your savings in SCB JumpStart if it gives a higher interest than your DBS Multiplier and use DBS as the current account. You can always do instant FAST transfer between them!

I keep my FRANK account with little to no balance as my savings like you are in accounts with higher interests, most likely to be cancelled before I turn 26. I use it mainly for withdrawals without my debit cards using the PayAnyone app

Based on what I remembered, OCBC Frank gives 0.3% interest per annum. Given the fact that your focus is on DBS Multiplier and Standard Chartered JumpStart, then there is no point keeping OCBC Frank account (since the yield is much lower).

Now that there is no much use for it, close it and transfer the money to either account that is giving you better rates (every dollar is an opportunity cost to you!).

If you need a guide on how to plan a budget with two bank accounts, here is how I do mine: https://www.blog.pzl.sg/how-to-create-a-monthly...

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