Local banks in Singapore have been doing a lot in recent years to attract customers by increasing their interest rates, giving freebies and many after sales services in an attempt to ‘psycho’ to open a savings account with them.

We are in actual fact spoilt for choice, there is the OCBC 360 savings account, UOB One savings account, DBS Multiplier, Standard Chartered Bonus $aver account and others in the market that are almost as good as one another.

There are many review websites comparing the benefits of each bank and it is up to the individual to decide.
But the topic here is, how many bank accounts should you have? Is 3 accounts considered too many or if i have just 1 account considered too few? How many should I have?

In my case, I save money like a hamster who store food in many places and a little bit of food in each …