Could someone d this sum for me. please?

[gardenmusic]

I cannot even phrase it, to search Google.
Blue Rewards from Barclays.
A current account costs £5 per month, but I get paid £8 per month for having DD's and a mortgage with them, so a profit of £3 a month.
An incentive from this is that I have a 5.12% interest savings account attached. It gives this interest rate on 5k, no more, so at the moment, I gain just over £20 a month plus the £3.
There are changes coming. I will no longer get the £3 profit, but will pay the £5.
So in effect, I will pay £60 per annum to 'buy' this interest rate. (There are no new incentives that appeal to me)
What interest rate would I have to gain in order to move this money? The highest ' High St' instant access rate I have at the moment is 4.80%
Would I be better to remove this 5k and put it in there?
Many thanks. I am mathematically challenged!

How much do you have in the account? Just the £5k or more? Would you get the 4.8% on the whole balance or just £5k?

Also, would you leave the interest in the account?

5000x5.12% = 256
5000x4.8% = 240

so the interest rate is making you £16 and costing you £60.

The current rate will gain you £256 minus the £60 fee so £196

The new rate of 4.80% see a gain of £240 if there are no fees attached

You may also get interest on a higher amount with the new fee so could save more

Thank you all.
Looks like I would be better off taking the Blue Rewards 5k savings, and dropping it in the Yorkshire Building Society 4.80% with the rest of my non-ISA savings. I am at top rate in there.
I try to keep on top of interest rates and shuffle and lock some in when I see a good rate.
Many Thanks.