I just realised I have written 3 consecutive posts on bank accounts for expense, emergency and investment funds. Goes to show how much I value taking the time to sort out your bank accounts. I actually went through this exercise with my sister. Her monthly salary was being credited into a POSB eSavings Account that was earning 0.05% pa. My sister submitted a form to HR to change the bank account to the OCBC 360 Account and now earns 1.2% pa just from the salary credit. It was easy enough to make 3 monthly bill payments online or through GIRO since she just had to change from the POSB eSavings Account that she was already making bill payments from for income tax and credit cards. That got her another 0.5% pa. My sister is now earning S$50 more per month from doing exactly the same things she was doing before, just with a different bank ...