Fixed deposit calculator: A Useful Online Tool

A fixed deposit is one in which once the money is deposited, it cannot be withdrawn till its maturity. Fixed deposits unlike savings account pay high rates of interest. The longer the maturity period the more interest you earn, which again can be easily calculated by this valuable fixed deposit calculator. But if the fixed deposit amount is withdrawn or cancelled before the maturity period expires, a penalty is charged from the defaulter.

The fixed deposit calculator helps assess the interest calculations and the maturity amount to be received on a fixed deposit figure. The calculator is very handy and easy to use, just requires to input the following details namely – the principal amount, rate of interest, lock-in-period and the compounding rate and the final amount & interest gets calculated for you.

Summary: Fixed deposit calculator is a very useful online tool. It helps in evaluating the compound interest and the total deposit amount receivable after a fixed time period.

Fixed deposit rates: For Precise Calculations of Returns

Fixed deposit rates facilitate depositors to know the exact value of the fixed deposit of the customer. For the conventional system, the interest on the fixed deposit account is credited to the depositor’s savings account specified by him or her on a quarterly or on a monthly basis.

Fixed deposit rates are an assured interest rate for the whole period of an investment. They allow the depositor to receive high interest rates.

On behalf of the Reinvestment scheme, the interest is compounded to the primary amount on a quarterly basis.

Comparing the interest rate of banks for the last few years signify that they have been quite unstable.  In 2010, fixed deposit rates started going up again as banks were short of money.  

Summary: Fixed deposit rates make you know the exact worth of investment of a depositor.