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Fixed Deposit Calculator

Plan your savings with precision. Calculate the maturity value of your Fixed Deposits (FD) or Term Deposits across global banks instantly.

USA ($) Mode
$
1K1M
%
0.1%8%

Annual Interest Rate

Years
1Y30Y

Note:Standard Bank FDs compound Quarterly.

Maturity Value

$12,508
Deposit Amount$10,000
Total Interest$2,508

Interest vs Principal

Why Choose Fixed Deposits?

Fixed Deposits (FDs) and Term Deposits are preferred by investors worldwide for their security and predictability. Unlike volatile market investments like stocks, these deposits offer a guaranteed interest rate.

This makes them an excellent choice for building an emergency fund, saving for a short-term goal (like a vacation or car), or preserving capital during retirement.

How Maturity is Calculated

A = P (1 + r/n)(nt)
  • A = Maturity Amount
  • P = Principal Deposit Amount
  • r = Interest Rate (decimal)
  • n = Compounding Frequency (e.g., 4 for Quarterly)
  • t = Tenure in Years

Guaranteed Returns

Unlike stocks, your returns are fixed at the time of deposit, protecting you from market crashes.

Compound Growth

Most banks compound interest quarterly, meaning you earn "interest on interest" over time.

Liquidity Options

Need cash? You can often take a loan against your FD (usually up to 90% of value) instantly.

Compare Your Options

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Higher returns

Frequently Asked Questions

What is a Fixed Deposit (FD) or Term Deposit?
A Fixed Deposit (also known as a Term Deposit or Certificate of Deposit) is a secure investment where you deposit a lump sum for a fixed period at a pre-agreed interest rate. It offers higher returns than a standard savings account.
How is the maturity value calculated?
Maturity value is calculated using compound interest: A = P(1 + r/n)^(nt). Where 'A' is the final amount, 'P' is the principal, 'r' is the rate, and 'n' is the compounding frequency (e.g., quarterly).
Can I withdraw my deposit before maturity?
Yes, most banks allow premature withdrawal, but they typically charge a penalty (e.g., 0.5% to 1% reduction in interest rate). It is best to check the specific terms of your bank.
Is FD interest taxable?
In many countries, interest earned on FDs is added to your total income and taxed according to your income tax slab. Some regions apply Tax Deducted at Source (TDS) if interest exceeds a certain limit.

Disclaimer: This FD Calculator provides estimates based on standard compound interest formulas. Actual returns may vary depending on bank policies, tax deductions (TDS), and compounding frequency.