Fixed Deposit Rate Comparator

Enter the annual rate and tax shown in a current bank quote. Model simple interest or monthly compounding and review the gross interest, tax and net maturity value.

20 currency labels You enter the quoted rate Free

Calculate Fixed Deposit Returns

No rate or tax is fetched or inferred. Copy the nominal annual rate, compounding convention, term, withholding tax and early-withdrawal conditions from the bank's current term sheet. A central-bank policy rate is not a bank deposit quote.

Total Maturity Value
Gross Interest
Tax Withheld
Net Interest
Monthly Equivalent
Effective Annual Rate
Net Annual Rate (After Tax)
PeriodOpening BalanceInterestClosing Balance
This is a cash-flow estimate, not a recommendation. Before placing funds, confirm deposit-insurance eligibility and limits, early-withdrawal treatment, tax, fees, payout timing and whether the quoted rate is simple, compounded or paid periodically.
Payment comparison workflow

Fixed Deposit Rate Comparator: quick guide

Use the exact annual rate, tax and interest method in the bank's term sheet. The country selector changes only the display currency.

  • Simple: principal × annual rate × months ÷ 12.
  • Monthly compound: principal × (1 + annual rate ÷ 12)months.
  • Net payout: principal plus gross interest after the entered withholding-tax percentage.

Not included: fees, early-withdrawal penalties, changing rates, deposit-insurance limits or periodic interest payouts.

Fixed Deposit Rate Comparator FAQ

Does country selection load a market rate?

No. It changes the currency label only. Enter the rate in the current bank offer you are reviewing.

What tax rate should I enter?

Enter the withholding rate applicable to your specific account and jurisdiction, or zero when modelling gross interest. Confirm it with the bank or tax authority.

What does monthly equivalent mean?

It divides net interest by the selected number of months. It is a planning average, not a promise that the bank pays interest monthly.

Frequently Asked Questions

What is a fixed deposit?
A fixed deposit (also called term deposit or time deposit) is a savings product where you lock in a lump sum with a bank for a fixed period at a guaranteed interest rate. Your money is not accessible until maturity (or subject to early withdrawal penalties).
Which country offers the highest fixed deposit rate?
This page does not rank countries or banks. Nominal rates change and cannot be compared responsibly without inflation, tax, currency, liquidity, issuer and deposit-protection context.
Is fixed deposit interest taxable?
Tax treatment depends on jurisdiction, account type and taxpayer circumstances. Enter the rate that applies to the quote, then confirm it with the bank or relevant tax authority.
Should I choose simple or compound?
Choose the convention stated in the offer. Monthly compound assumes retained interest is added to principal every month; it is not appropriate when a bank quotes simple interest or pays interest out.
What happens if I break a fixed deposit early?
The tool does not model early exit. Check the bank's term sheet for notice, forfeited interest, repricing and fees before committing funds.