Deposit Calculator

A bank deposit is money you place with a bank for a fixed term at a specified interest rate. The bank guarantees to return your principal amount plus the accrued interest at the end of the deposit term.

The calculator allows you to quickly compare different deposits, calculate total earnings, and see how compound interest affects your returns. This helps you choose the most profitable option.

Compound interest is interest calculated not only on the principal amount but also on previously earned interest. The more frequently interest is compounded (daily, monthly), the higher your total earnings.

Income is calculated using the compound interest formula. With top-ups, each contribution is calculated separately from the date it's added until the deposit closes.

A top-up allows you to add money to your deposit during its term. In our calculator, the deposit opens on the first day of the period (month, week, etc.). Top-ups start from the second period and occur regularly on the first day of each period. Interest is calculated on each top-up from the date it's added until the deposit closes.

In most countries, income from bank deposits is subject to tax. The tax rate varies by country and can range from 13-35%. Use the calculator to see your net earnings after taxes.

Compare interest rates across different banks, check the compounding frequency (more frequent is better), verify top-up and withdrawal options, and assess the bank's reliability. Use this calculator to make accurate comparisons.