Savings Interest Calculator
Free savings interest calculator: enter principal, annual rate and term to get interest earned, maturity value and the effective annual rate.
| 年度 | 年初本金 | 本年利息 | 年末本息 |
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How to Use
- Enter principal and rate
Fill in the deposit amount and the annual rate quoted by your bank, for example 1.75 for 1.75% a year.
- Pick term and method
Choose a term from 3 months to 5 years. If interest is reinvested, pick yearly or monthly compounding.
- Compare the return
The result panel shows interest earned, maturity value, the effective annual rate and the maturity date, with a yearly breakdown table below.
FAQ
How much difference do simple and compound interest make?
Simple interest is charged on the original principal only, while compound interest adds each period's interest to the principal so it earns interest too. The longer the term and the higher the rate, the bigger the gap; for short deposits it is small.
What is the effective annual rate?
It converts the total return into a one-year equivalent rate so you can compare different terms. A three-month product compounded monthly will show an EAR slightly above its nominal rate.
Is deposit interest taxed?
In mainland China, individual savings interest has been exempt from personal income tax since 9 October 2008, so the interest shown here is what you actually receive.
What happens if I withdraw early?
Early withdrawal from a fixed deposit usually pays the demand-deposit rate instead, sharply reducing the return. Choose a term that matches when you need the money.