Barclays rainy day saver - £5k limit

in Savings & investments
2 replies 211 views
aoleksaoleks Forumite
720 Posts
500 Posts First Anniversary Name Dropper
morning all,

I have a barclays rainy day saver account, pays 5%+, don't remember the exact figure. there's a £5k limit to it, anything above that pays peanuts, 0.5% or something like that.

I transferred £5k and they already paid some interest. am I right in thinking that I should take everything above £5k and move it to another savings account paying more interest? in other words, the interest I make on the initial £5k won't generate interest at 5%, right?



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