Fixed Deposits Calculator – Maximize Your Savings
Fixed Deposits Calculator
Are you considering investing in a fixed deposit? Our Free Online Fixed Deposits Calculator allows you to quickly determine your maturity amount and interest generated. This tool, ideal for savers, investors, and financial planners, employs the compound interest formula A = P × (1 + r/n)^(n×t) to get accurate results. Simply enter your initial amount, interest rate, tenure, and compounding frequency to see how your savings will grow!
The calculator applies the formula A = P × (1 + r/n)^(n×t), where A is the maturity amount, P is the principal, r is the rate (as a decimal), n is the compounding frequency per year, and t is the tenure in years.
How to Use the Fixed Deposits Calculator
- Enter the Principal Amount: Enter the initial investment ($10,000).
- Specify Interest Rate: Enter the annual interest rate as a percentage (for example, 6%).
- Set tenure: Please provide the investment duration in years (for example, 5 years).
- Choose the compounding frequency: Choose annual, semi-annual, quarterly, or monthly.
- Click Calculate. Click the “Calculate Maturity” button to view the results.
- View results: See the interest gained and the maturity amount (for example, “Interest Earned: $3490.77, Maturity Amount: $13490.77”).
Why Fixed Deposits Matter
Fixed deposits are safe investments for:
- Conservative investors like guaranteed returns.
- Financial Planning: Use lump-sum maturity amounts for education, marriages, and property purchases.
- Wealth Growth: Compounding grows savings.
- Choose the best FD rates and terms by comparing bank options.
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