Updated 08 Jan 2024
This Fixed Deposit Calculator is a powerful online tool that helps you make the most of your fixed deposit investments. Whether you are investing for the first time or just adding to your stack of ...
Read MoreA Fixed Deposit Calculator is a financial tool that calculates the maturity amount of your fixed deposit investment. It takes into account the principal amount, interest rate, and tenure to estimate the total amount you will receive at the end of the investment period.
Using the Fixed deposit Calculator is super simple. All you need to do is enter the following information:
Once you have entered this information, the calculator will automatically calculate the maturity amount, which is the total amount you will receive at the end of the tenure, including the interest earned.
Yes, Wint Wealth’s Fixed Deposit Calculators allow you to change the inputs and see the updated results in real-time. This makes it easy to experiment with different scenarios and determine the best investment option for your needs.
Fixed Deposit interest rates booked at the time of account opening stay the same until maturity, regardless of any changes to the banks' FD card rates in the intervening period. For instance, if someone opens a 2-year fixed deposit with a bank at 7% annual interest, the interest rate will stay the same through the end of the 2-year term.
This provides FDs with a high level of income predictability that is even better than what is provided by the majority of small savings plans.
A Fixed Deposit Calculator works by using a mathematical formula to estimate the maturity amount based on the information a user enters. You simply need to enter the principal amount, interest rate, and tenure, and the calculator will do the rest.
To use a Fixed Deposit Calculator, you need to enter the following information: the principal amount, the interest rate offered by the bank or financial institution, and the number of months or years you want to deposit your money for.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.