Free fixed deposit & certificate of deposit calculator. Calculate maturity amount and interest earned with different compounding frequencies.
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$10K
5.0%
5 Years
Maturity Amount
$12,820
Total Interest Earned
$2,820
Principal Amount
$10,000
Absolute Return
28.2%
Tax Reminder
Interest earned on fixed deposits is typically taxable as income. At a 30% tax rate, your post-tax interest would be approximately $1,974, with an effective rate of 3.5%.
Deposit Growth Over Time
How to use this Deposit Calculator
1. Enter the deposit amount.\n2. Input the annual interest rate offered by your bank.\n3. Choose the tenure in years.\n4. Select the compounding frequency (monthly, quarterly, half-yearly, or yearly).\n\nThe calculator shows your maturity amount and total interest earned instantly.
Term Deposits vs Equity Investing
Term deposits offer guaranteed, risk-free returns — making them ideal for conservative investors and emergency funds. However, their returns may not always beat inflation. Equity investments carry market risk but have historically delivered higher inflation-adjusted returns over long periods.
How to use this Deposit Calculator?
1
Enter Deposit Amount
Input the one-time principal sum you plan to invest.
2
Set Interest Rate
Enter the guaranteed annual interest rate offered by the bank.
3
Choose Compounding
Select whether the interest compounds monthly, quarterly, half-yearly, or yearly.
4
Evaluate Maturity
View the final maturity balance and the total wealth generated entirely from interest.
Frequently Asked Questions
A Fixed Deposit (also known as a Term Deposit or Certificate of Deposit) is a safe investment where you deposit money for a fixed period at a guaranteed interest rate.
Deposit interest is calculated using compound interest. Most banks compound quarterly by default. You can select your compounding frequency in our calculator to match your bank's policy.
In most countries, interest earned on term deposits is taxable as income. The exact rules depend on your local tax regulations. Consult a tax professional for specifics.
Banks typically charge a premature withdrawal penalty — usually 0.5% to 1% lower than the applicable interest rate for the period held.