Fixed Deposit Calculator

Use this calculator to work out the interest rate per annum on your investment, or to help you decide how much to invest,or to work how much money your investment could earn for you

Result Summary

Interest Earned ₦251.25
Initial Deposit ₦10000
Maturity Amount ₦10251.25



Saving Terms of Reference

Initial Deposit:This is the first amount of money you started with in your savings.
Interest Rate:This is the percentage of interest the bank will pay for your savings.
Tenor:This is how long you will be saving for,it could be in months or years.
Interest Earned:This is the amount of money you earned based on the interest rate on your savings.
Interest Compounding :This is your earnings on your savings/investment plus previous interest.Using this calculator you can compute how often your interest is added in your account.The options include monthly, bi-annually and annually.

Disclaimer

This calculation is based on the accuracy and completeness of the information you have provided. Result is for information purposes only and it is not intended to provide specific financial advice and should not be relied upon in that regard. You should speak to a financial advisor or accountants for an informed decision to ensure your personal circumstances have been taken into consideration.