Deposit calculator. Example calculation
Deposit - a tool provided by financial institutions, mostly banks and credit unions. Deposit is designed to help you preserve and increase your savings. In other words, investing money in the bank, you will ensure safe storage and get a pay interest, depending on the type and deposit currency, as well as the duration of finding funds to bank accounts. Depending on the type of deposit, you can: remove the accrued interest on the deposit during the period of the deposit and use them in its sole discretion, to increase the amount of the deposit, to receive interest on deposit at the end of his actions; freely increase / decrease the amount of the deposit.
With this deposit calculator you can calculate the accrued interest on the deposit and to choose the best scheme for their calculation.
Financial definitions to the deposit calculator
How to calculate the interest on deposit
Calculator
Results
Base terms
| Deposit term | = 12 | months |
| Deposit amount | = 20000 | monetary items |
| Interest rate | = 9 | % annual (payment at the end) |
Final values, monetary items
| Total payments | = 21800.00 |
| including % | = 1800.00 |
Schedule of payment of a deposit
| Month | The base amount of charges | Monthly interest on deposit | The total monthly amount, taking into account interest |
| 1 | 20000.00 | 150.00 | 20150.00 |
| 2 | 20000.00 | 150.00 | 20300.00 |
| 3 | 20000.00 | 150.00 | 20450.00 |
| 4 | 20000.00 | 150.00 | 20600.00 |
| 5 | 20000.00 | 150.00 | 20750.00 |
| 6 | 20000.00 | 150.00 | 20900.00 |
| 7 | 20000.00 | 150.00 | 21050.00 |
| 8 | 20000.00 | 150.00 | 21200.00 |
| 9 | 20000.00 | 150.00 | 21350.00 |
| 10 | 20000.00 | 150.00 | 21500.00 |
| 11 | 20000.00 | 150.00 | 21650.00 |
| 12 | 20000.00 | 150.00 | 21800.00 |
| Total | 1800.00 | 21800.00 |