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Is the fee waiver worth the balance?

Compare fees avoided with hypothetical interest on a balance held elsewhere. Choose fee-waiver eligibility month by month.

Numbers stay hereEvery line explainedYour choice, your pace
Mitey sitting beside the savings plan, looking down to the rightA little less guesswork.

Fictional starting figures. Change them using your own fee schedule. Editing, calculating, saving and downloading do not submit an enquiry.

Your assumptions

CAD
CAD
%
Which months qualify for the waiver?

Check the actual daily/minimum-balance rules. A monthly average does not establish eligibility.

YOUR WORKED PLAN · CAD

Give that balance a fair comparison.

Fees avoided$203.40
Hypothetical interest elsewhere$152.08
Net waiver benefit$51.32

12 qualified months. The alternative balance grows to $5,152.08 before taxes. Positive net benefit means entered avoided fees exceed hypothetical interest.

Your plan, month by month
Cumulative fees avoided versus Cumulative hypothetical interestEditable illustrative assumptions over 12 months. Exact monthly amounts are in the ledger below. Cumulative fees avoided ends at $203.40; Cumulative hypothetical interest ends at $152.08.$0.00$101.70$203.40Month 0Month 12
Cumulative fees avoidedCumulative hypothetical interest
One day can matter.

A provider may require a qualifying balance every day. The checkboxes represent your chosen eligibility assumptions.

View methods, rounding and limits

Local saving is optional. Anyone using this browser may be able to restore a plan. Downloads can contain your entered figures.

Keep the detail.

Every amount is in Canadian dollars. Scroll the table to see every column.

One year of fee waivers and hypothetical compounded interest
MonthWaiver qualified?Fee avoidedHypothetical interestAlternative balanceCumulative net benefit
1Yes$16.95$12.50$5,012.50$4.45
2Yes$16.95$12.53$5,025.03$8.87
3Yes$16.95$12.56$5,037.59$13.26
4Yes$16.95$12.59$5,050.18$17.62
5Yes$16.95$12.63$5,062.81$21.94
6Yes$16.95$12.66$5,075.47$26.23
7Yes$16.95$12.69$5,088.16$30.49
8Yes$16.95$12.72$5,100.88$34.72
9Yes$16.95$12.75$5,113.63$38.92
10Yes$16.95$12.78$5,126.41$43.09
11Yes$16.95$12.82$5,139.23$47.22
12Yes$16.95$12.85$5,152.08$51.32

A little more clarity.

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