METHOD
Formula and method
Interest = deposit × rate × months / 12. Net gain = interest − tax − fees.
Term deposit interest: what a fixed term savings deposit earns
Estimate term deposit interest with entered taxes and fees.
01
Your inputs
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02
Your result
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About this result
Informational calculations. Check assumptions, dates and jurisdiction before making a decision.
Full disclaimerHow much interest does a term deposit earn?
The calculator works out simple interest paid at maturity: the deposit times the annual rate times the number of months, divided by 12. From gross interest it subtracts interest tax, if you enter one, and bank fees, then shows the amount at maturity. For example, 10,000 KM fixed for 12 months at 3% earns 300 KM of gross interest. Enter tax only if it applies to your deposit.
TRACEABLE
Sources and validity
Basic arithmetic or geometry using the formula shown. Uses only your inputs.
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