What your deposit grows to
A fixed deposit earns compound interest, so the maturity value is more than the simple rate times the years. This calculator applies the compounding at the frequency your bank uses and shows both the final amount and how much of it is interest.
Compare the frequencies
Switch the compounding between yearly, quarterly and monthly to see how the maturity value shifts at the same rate — a small but real difference over a long tenure. Note the figure is before tax. It all runs on your device, so nothing you enter is stored.