Fixed Deposit

$
%
years
Finance

Fixed Deposit is a fast, free finance calculator. Enter Principal Amount, Annual Interest Rate and Investment Period to get an instant, accurate result — complete with the formula, a step-by-step worked example, and answers to common questions, all on one page and private to your browser.

Formula

A = P × (1 + r/n)^(nt), where n = compounding frequency
  • Compound interest formula
  • More frequent compounding = slightly higher returns
  • Interest is reinvested

5-Year FD

Inputs
  • Principal Amount: 10000 $
  • Annual Interest Rate: 5 %
  • Investment Period: 5 years
  • Compounding: quarterly

A $10,000 FD at 5% annual rate compounded quarterly for 5 years grows to $12,820.37 with $2,820.37 interest earned.

Frequently asked questions

What is a fixed deposit?
A fixed deposit (FD) is a savings product where you deposit money for a fixed period at a guaranteed interest rate.
Does compounding frequency matter?
Yes, more frequent compounding (monthly > quarterly > annual) means slightly higher returns due to earning interest on interest.