See a lump-sum deposit's maturity amount, interest, effective yield and date at a nominal annual rate, compounded monthly, quarterly, half-yearly or annually.
All calculations happen locally in your browser. Nothing you type ever leaves your device.
Interest figures are pre-tax — many jurisdictions tax deposit interest, so your take-home return may be lower.
Withdrawing early usually reduces or forfeits the accrued interest, and penalty terms vary by bank. Estimates only — not financial advice.
The currency selector only changes the display symbol — no exchange-rate conversion is applied. To convert an amount, use the currency converter.
A fixed deposit pays a nominal annual rate that is credited — and reinvested — a fixed number of times per year. Each credit adds to the balance, so later periods earn interest on earlier interest. The formula is the standard compound-growth equation: A = P × (1 + r/n)n×t, where P is the deposit, r the annual rate as a decimal, n the credits per year, and t the term in years (months ÷ 12).
| Frequency | Credits/year (n) | Amount after 1 yr | Effective yield |
|---|---|---|---|
| Monthly | 12 | 10,511.62 | 5.116% |
| Quarterly | 4 | 10,509.45 | 5.095% |
| Half-yearly | 2 | 10,506.25 | 5.063% |
| Annual | 1 | 10,500.00 | 5.000% |
Fixed deposits are low-risk in the sense that the return is agreed in advance, but no deposit is risk-free: the bank itself must stay solvent. Many countries operate deposit-guarantee schemes that reimburse depositors up to a per-bank, per-person limit — the coverage and the limit differ wherever you live, so check your own scheme rather than assuming this one applies to you.
Then your money grows in nominal terms but loses purchasing power. A 3% deposit against 4% inflation is a real return of about −1% per year, and tax on the interest usually widens the gap. Comparing the rate with expected inflation is the honest test of whether locking money away is worth it.
Instead of locking everything for one long term, you split the sum across staggered maturities — for example six months, one year and two years. As each deposit matures you reinvest it at the short end, so you keep periodic access to cash and can capture rising rates, at the cost of a slightly lower average rate than the longest term usually pays.
Most banks reduce or forfeit the accrued interest on early withdrawal, and some charge an explicit penalty. The exact terms vary by bank, currency and even branch, so read the offer before committing — this calculator assumes you hold to maturity.
No. The compounding math, the yield figure and the maturity date are all computed locally in your browser with plain JavaScript. Your deposit amount and rate never leave your device, and there is no account and no network request attached to a calculation.
If you just finished with Fixed Deposit, the natural next steps are FIRE Calculator, House Affordability, Rent Affordability, or browse every tool in Cross-border Finance.