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    Back to your starting pointBankOnline.ca · by MITEY
    Mitey looks down toward the details with a planning clipboard
    The small details add up.Work through your fees

    Your account fees, worked through.

    A useful comparison starts with your own numbers. Confirm the account’s terms, then see what changes over the same year.

    YOUR ASSUMPTIONS · ONE YEAR · CAD

    A monthly fee. A bigger picture.

    Compare the fee you pay with the return you might forgo on money you choose to leave idle. The examples are editable assumptions.

    Scenario A
    ?

    Enter the actual monthly fee you expect to pay. This tool does not determine whether a waiver applies.

    Enter the actual monthly fee you expect to pay. This tool does not determine whether a waiver applies.
    ?

    Your chosen amount, held constant for this illustration. It is not a minimum balance inferred from an account.

    Your chosen amount, held constant for this illustration. It is not a minimum balance inferred from an account.
    ?

    Your chosen annual rate difference, before tax. It is not a live savings rate or promised return.

    Your chosen annual rate difference, before tax. It is not a live savings rate or promised return.
    Scenario B
    ?

    Enter the actual monthly fee you expect to pay. This tool does not determine whether a waiver applies.

    Enter the actual monthly fee you expect to pay. This tool does not determine whether a waiver applies.
    ?

    Your chosen amount, held constant for this illustration. It is not a minimum balance inferred from an account.

    Your chosen amount, held constant for this illustration. It is not a minimum balance inferred from an account.
    ?

    Your chosen annual rate difference, before tax. It is not a live savings rate or promised return.

    Your chosen annual rate difference, before tax. It is not a live savings rate or promised return.
    Scenario A · annual illustrated cost$144.00$144.00 in fees + $0.00 in foregone return
    Scenario B · annual illustrated cost$120.00$0.00 in fees + $120.00 in foregone return
    A minus B · same one-year period$24.00A positive difference means A costs more under these assumptions.
    How those assumptions add up
    Cumulative illustrated cost, scenarios A and BMonthly fractions of the one-year simple cost. Exact values are provided in the table below. Scenario A totals $144.00; B totals $120.00.$0.00$72.00$144.00123456789101112

    A: darker gold · B: butter · Months1–12. These are proportional monthly costs, not an interest-compounding schedule.

    A $144.00 · B $120.00. Use the arrow keys to inspect each month.

    See every chart value
    Illustrative cumulative CAD cost
    MonthScenario AScenario B
    1$12.00$10.00
    2$24.00$20.00
    3$36.00$30.00
    4$48.00$40.00
    5$60.00$50.00
    6$72.00$60.00
    7$84.00$70.00
    8$96.00$80.00
    9$108.00$90.00
    10$120.00$100.00
    11$132.00$110.00
    12$144.00$120.00

    The method and its limits

    Annual cost =12×the entered monthly fee + idle balance×the entered alternative-minus-account rate÷100. Money is assumed idle for a full year. Simple interest, before tax; no compounding, tiers, bonuses, ATM or transaction costs. Confirm any fee waiver independently before entering the fee after that waiver. The tool does not recommend an account or determine eligibility. Different real-world timing and terms can change the result.

    Inputs stay in this page’s memory unless you explicitly Save, download, or choose to include the displayed summary with an enquiry. Nothing is saved automatically.