Term Deposit Calculator
Enter your deposit, the interest rate and how long you'll lock it away to see the maturity amount and exactly how much interest it earns.
How a term deposit grows
A term deposit pays a set interest rate, and the bank adds that interest back at a regular interval, so each new period earns on a slightly bigger balance. Choosing monthly or quarterly compounding nudges the maturity value a little above yearly.
Banks quote the rate per year, so pick the compounding that matches your deposit's terms. The rate you're offered can depend on the amount and the length, so enter the one that applies to you. For market-linked growth instead of a fixed rate, look at our finance calculators.
Common questions
How is the interest compounded?
Most banks compound term-deposit interest every quarter: each quarter's interest is added to your balance, and the next quarter earns on that larger amount. More frequent compounding gives a slightly higher maturity for the same rate.
Is the interest taxable?
In most places, yes. Deposit interest usually counts as income and is taxed accordingly, and some banks withhold a portion at source. This calculator shows the gross maturity before any tax, so set a little aside for it.
What if I withdraw early?
Breaking a deposit before its term usually earns a lower rate plus a small penalty, so the real payout is less than shown here. Treat the maturity figure as the full-term value and check the penalty first.
Add Term Deposit Calculator to your website
Embed this free Term Deposit Calculator on your site or blog. Just copy the code below, paste it into your page, and your visitors can use the calculator without leaving your site.
The widget is responsive and works on WordPress, Squarespace, Wix, Webflow, and any HTML page. You can adjust the width and height in the code above.