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Account Fee Comparison Calculator

Work out account fee comparison instantly with clear inputs, formula shown and shareable results.

About Account Fee Comparison Calculator

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.

Formula

Net account cost

Cost = annual fees - balance × interest rate advantage

Worked example

With the default values below, Account Fee Comparison Calculator returns Annual Advantage Of Bank B of $3,300.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Average Balanceminimum 0
200,000
Monthly Fee At Bank Aminimum 0
250
Monthly Fee At Bank Bminimum 0
100
Interest Rate Advantage At Bank Baccepts -5–5 %
0.75 %

Results

Annual Advantage Of Bank B
$3,300.00
Net Annual Cost At Bank A
$3,000.00
Net Annual Cost At Bank B
-$300.00
Which Account Wins
Bank B is cheaper overall

Step by step

  1. 1Values used
  2. 2Net account cost
  3. 3Annual Advantage Of Bank B= 3,300.00
  4. 4Net Annual Cost At Bank A= 3,000.00
  5. 5Net Annual Cost At Bank B= -300.00
  6. 6Which Account Wins= Bank B is cheaper overall

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax or compounding frequency into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • 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.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

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.

Frequently Asked Questions

Why include interest in a fee comparison?

Because a fee-free account paying a poor rate can cost more than a fee-charging account paying well.

What else should be compared?

Free transaction limits, cash handling charges and card fees, which often outweigh the headline monthly fee.

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