Bank Account Comparison Calculator
Compare bank accounts to find the best option. Calculate interest earnings, fees, and total balance over time for savings and current accounts.
Account 1 Details
2.5%
$5
Understanding Bank Accounts
Higher interest rates often come with balance requirements or monthly fees. Compare the net benefit after deducting fees from interest earned.
Account 2 Details
1.2%
$0
Bank Account Comparison Results
Summary
Account Comparison
Breakdown
Best Account After 1 Year
Premium Savings
$5,125 total balance (2.5% interest, $5 monthly fee)
Account 1 Total Balance
$5,125
Account 2 Total Balance
$5,060
Account 1 Net Interest
$65
Account 2 Net Interest
$60
Bank Account Comparison
| Account Details | Account 1 | Account 2 |
|---|
5-Year Balance Projection
How to Compare Bank Accounts
Net Annual Benefit = (Interest Earned) – (Fees Paid)
Calculate the true value of each account by subtracting monthly fees from annual interest earned. Consider minimum balance requirements and additional features.
Need Professional Financial Advice?
Connect with our financial experts for personalized bank account recommendations, portfolio analysis, and comprehensive financial planning.
Get Financial Advice