Fixed Deposit Calculator
Work out the maturity value of a fixed deposit with quarterly compounding.
Quick answer: enter your details below and click Calculate — your result appears instantly, right here in your browser. Nothing you enter is uploaded or stored.
F
Calculators
Enter your details below.
How to use
- Enter the amount you will deposit.
- Enter the annual interest rate and the term in years.
- Press Calculate to see the maturity value and the interest earned.
About this tool
This calculator estimates a fixed deposit that is locked in for a set term. It uses quarterly compounding, so interest is added four times a year: maturity = principal times (1 + r/4) raised to the power of 4 times t, where r is the annual rate and t is the term in years. The interest earned is the maturity value minus the original deposit.
Frequently asked questions
What does quarterly compounding mean?
It means interest is calculated and added to your balance every three months, so later interest is earned on a slightly larger balance.
Can I withdraw early?
Most fixed deposits charge a penalty for early withdrawal, and the rate may change. This calculator assumes the deposit runs for the full term.