Fixed Deposit Interest Calculator
Use a Fixed Deposit (FD) calculator to find out how much interest you can earn on an FD. The compound interest calculator is used to ascertain the maturity amount on the principal based on the rate of interest. The value of the investment at maturity is determined after interest compounding frequency, such as monthly, quarterly, half-yearly or annual basis, is taken into consideration.
The FD calculator takes into account the deposit term, the type of fixed deposit, the principal investment and the rate of interest, to calculate the deposit value at maturity. It is a wise idea to use this calculator to know the value of the investment, before applying for one.
Using A Fixed Deposit Calculator
Want to invest in Fixed Deposit (FD) but not sure how interest is calculated? Here’s a guide on how to use a fixed deposit interest calculator to compute the amount you stand to receive from your FD.
While FD doesn’t provide high returns, they are safe investments that protect the capital amount.
Both simple as well as compound interest will be calculated on the FD amount. The initial FD amount will be simple interest while the principal and subsequent interest will be calculated using compound interest.
An FD calculator makes it easy to compute the amount you stand to receive on maturity. The only variables to be inputted are the deposit amount, deposit tenure and the interest rate being offered. The calculator will then present the figure you will receive on maturity.
How do you calculate monthly interest?
In order to calculate the monthly interest that you can earn with a fixed deposit account, the FD interest calculator can be used for speed and efficiency. The FD calculator calculates the approximate interest and the total amount that the account holder will be getting at maturity. Considered to be one of the most useful tools, it allows the customers to pre-determine the earnings on the investment before opening an FD account.
