All tools
FD calculator
A fixed deposit's maturity amount, compounded quarterly as banks usually do, and its yearly yield. Free, with no account or uploads.
A fixed deposit at maturity
Type the deposit, the bank's rate and the years; compounding is under More options.
The bank's rate; an example to type over.
For
1 year3 years5 years10 years15 years20 years25 years30 yearsYour own
At 7% a year
$20,016 after 10 years
$10,000 put in and $10,016 of interest. That is 7.19% a year, compounded quarterly.
At 7% money doubles in about 10.3 years by the rule of 72; exactly 10.2.
Interest is compounded
YearlyQuarterlyMonthlyDaily
This is arithmetic on the numbers you type, not financial advice. Rates, fees and rules differ by lender and place. Worked out in your browser; nothing you type is sent anywhere.
A little help along the way
Follow these steps. Every option is explained underneath. Everything runs in your browser; nothing is sent anywhere.
- Say what you are saving withMoney each month, a lump sum, both, a fixed or recurring deposit, or taking money out.
- Type the amounts and a rateThe rate is your own assumption; real returns go up and down.
- Choose the yearsCommon lengths are one press away.
- Read the answerWhat it comes to, what you put in and what it grew by, and when it doubles.
Questions people ask
- How is an FD compounded?
- Quarterly, as Indian banks usually compound fixed deposits; choose another under More options.
- What is the yearly yield?
- The rate after compounding over a year, (1 + r/4)^4 − 1 for quarterly, shown beside the result.
- Is tax taken out?
- No. Tax on interest depends on where you live and your income, so it is left out.
This page is the Savings calculator, opened for this one job; every other tool it has is one press away. Each of its settings is explained on the Savings calculator's own page.
Read the step-by-step guide