Deposit Calculator - Fixed Deposit Maturity | Financial Calculator

Free fixed deposit calculator to estimate maturity amount after tax. Calculate pre-tax interest, tax deduction, and final payout for term deposits.

How to Use

  1. Deposit Amount — Enter the lump sum amount you plan to deposit
  2. Annual Interest Rate — Enter the annual interest rate (%) for the fixed deposit product
  3. Deposit Period — Enter the duration of the fixed deposit in years or months
  4. Calculate — Click Calculate to see pre-tax interest, income tax, and after-tax maturity amount

FAQ

What is the difference between a fixed deposit and a savings account?

A fixed deposit locks in a lump sum at a fixed rate using simple interest. A savings account accepts regular monthly contributions. Fixed deposits are ideal for lump sum investment.

Are there ways to reduce income tax on deposits?

Yes — tax-advantaged accounts can reduce or eliminate interest income tax. Check with your bank or financial institution for available options.

How much deposit insurance coverage is there?

Coverage varies by country. In Korea, deposits are protected up to ₩50 million per institution. Amounts above this limit should be spread across multiple banks for safety.