Work out account fee comparison instantly with clear inputs, formula shown and shareable results.
Comparing accounts needs fees and forgone interest in one figure. Netting the interest advantage against the fee difference gives the true annual cost of holding the balance at each bank.
Net account cost
Cost = annual fees - balance × interest rate advantage
Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.
Because a fee-free account paying a poor rate can cost more than a fee-charging account paying well.
Free transaction limits, cash handling charges and card fees, which often outweigh the headline monthly fee.