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Calculate bank fixed deposit maturity payouts, interest earnings, effective APY yields, and compounding schedules.
Deposit principal ($10,000) + accumulated interest ($3,804.2).
$10,000
+$3,804.2
Quarterly
1.38x Principal
Depositing $10,000 at 6.5% p.a. (quarterly compounding) over 5 years yields $3,804.2 in total interest, raising your final maturity payout to $13,804.2.
Annual breakdown of opening balances, interest accrued, accumulated interest, and ending balances.
| Year | Starting Balance | Yearly Interest | Accumulated Interest | Ending Balance |
|---|---|---|---|---|
| Year 1 | $10,000 | +$666.02 | $666.02 | $10,666.02 |
| Year 2 | $10,666.02 | +$710.37 | $1,376.39 | $11,376.39 |
| Year 3 | $11,376.39 | +$757.69 | $2,134.08 | $12,134.08 |
| Year 4 | $12,134.08 | +$808.15 | $2,942.22 | $12,942.22 |
| Year 5 | $12,942.22 | +$861.97 | $3,804.2 | $13,804.2 |
Clean itemized summary for banking contracts, tax filings, and investment verification.
Print official FD statements, export CSV schedule data, or copy shareable summaries.
Effective Fixed Deposit Formulas Used:
Result Explanation:
A Fixed Deposit of $10,000 at an annual interest rate of 6.5% compounded quarterly (4 times/year) over 5 years matures to a total of $13,804.2. This earns $3,804.2 in total interest with an Effective APY of 6.660%.
| Scenario Inputs | Output Result |
|---|---|
| principal : 10000, rate : 6.5, years : 5 | Maturity: $13,804.20, Interest: $380.4.20 |
Fixed Deposit (FD) Maturity & Interest Calculator. Calculate guaranteed maturity value, cumulative interest earnings, and compounding payouts for term deposit bank accounts. ZechKit provides this tool completely free and online, optimized for instant, accurate computations directly inside your web browser.
A Fixed Deposit (FD) Calculator determines the maturity sum and total interest accumulated on bank term deposits over a specified duration at a guaranteed interest rate.
Compounding Conventions: Bank term deposits typically compound interest on a quarterly basis: A = P × (1 + r / 4)^(4 × t), where P is deposit principal, r is annual interest rate (decimal), and t is duration in years.
Cumulative vs. Non-Cumulative: In a cumulative FD, interest is reinvested until maturity to maximize growth. In a non-cumulative FD, interest is paid out periodically (monthly or quarterly) to supplement cash flow.
Safety & Capital Preservation: Fixed deposits provide capital protection and guaranteed returns backed by banking regulations, making them a cornerstone for emergency funds and conservative portfolios.
How do banks calculate interest on Fixed Deposits?
Most financial institutions compound fixed deposit interest on a quarterly basis, adding accrued interest to the principal every three months.
