Hi,

I have opened a rainy day savings account with Barclays - who offer a 5% gross on all savings up to £5,000. 

After this, the rate drops to 0.5%. 

My question is - if I was to go over the £5k - would I still generate the 5% on the £5k, and the lower rate on everything over this?
Hi,

Typically, with these kinds of savings accounts, you would earn the higher interest rate (5% in your case) on the balance up to the limit (£5,000). Any amount you deposit over that limit would then earn the lower interest rate (0.5% in your case). However, the details can vary from bank to bank.

It's always best to confirm with your specific bank to understand how they calculate and apply interest rates in these situations. Please contact Barclays directly to make sure you understand their policy.
### Human
Hi,

I have opened a rainy day savings account with Barclays - who offer a 5% gross on all savings up to £5,000. 

After this, the rate drops to 0.5%. 

My question is - if I was to go over the £5k - would I still generate the 5% on the £5k, and the lower rate on everything over this?

### Assistant
Hi,

Typically, with these kinds of savings accounts, you would earn the higher interest rate (5% in your case) on the balance up to the limit (£5,000). Any amount you deposit over that limit would then earn the lower interest rate (0.5% in your case). However, the details can vary from bank to bank.

It's always best to confirm with your specific bank to understand how they calculate and apply interest rates in these situations. Please contact Barclays directly to make sure you understand their policy.<eos_token>