How to calculate the percentage of the deposit amount calculator. Capitalization deposit calculator. What deposits are taxed

Each depositor, placing a deposit in a bank, wants to know how much income can be received at the end of the term. Today, there are two main ways to calculate interest: complex and simple, and each financial institution calculates profits in its own way. In the article, we will consider how to calculate the interest on a deposit.

What are the types of contracts

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Interest accrual schemes are complex and simple, while the simple accrual scheme is that interest is accrued either at the end of the contract period or to a separate account from which the client can withdraw it once a month or quarter.

The second scheme involves the capitalization of interest, that is, the accrued interest is added to the deposit amount, increasing it. In the next period, interest income is calculated from the already increased deposit amount.

A complex scheme is more profitable because it allows you to get more income. However, the rates for such programs are lower.

Basic Formulas

Easy option

The formula for calculating the interest on the deposit must be written in the terms of the contract.

It looks like this:

, Where:

Let's take an example. The depositor has deposited 10000 rubles. Annual rate - 10% per annum. The deposit program does not imply replenishment and capitalization.

According to the calculation by this method, we get:

Thus, for 3 months deposit, the client will receive interest in the amount 246.6 rubles.

Simple interest is also applicable in cases of replenished deposits. In this case, the calculation is carried out as follows.

Customer put 10000 rubles under 10% per annum, for a period of 3 months. The deposit was replenished twice 1000 rubles. The first is through 30 days, the second - in two months.

Thus, the client will receive 82.2 rubles in the first month before replenishment of the deposit, and 180.8 rubles And 295.9 rubles in the second and third periods, respectively.

Hard version

A complex method of calculation involves the capitalization of interest. Let's look at an example diagram. The client placed a deposit 100000 rubles at the rate 8,7% , for half a year. Deposit conditions - from. The calculation is made as follows.

S \u003d 100000 * (1 + 8.7 * 30 / 365/100) 6 - 100000 \u003d 4367.9 rubles.

At the end of the deposit period, the client will receive 4367.9 rubles additional profit. Checking the calculation is very simple using the simple interest formula. To do this, the term of the deposit is divided into separate periods and the balance is taken for calculation, taking into account previous payments and accruals.

Thus, the table shows that the compound interest formula is easier to apply than the calculation of a contribution with capitalization using simple interest.

By substituting the values ​​​​of deposits into the formulas, you can independently calculate the final income

For an account with deposits

Deposit programs with replenishment also have features for calculating interest.

The annual rate of such deposits is somewhat lower. This is explained by the fact that over the period of the agreement, the refinancing rate may decrease, and the deposit will become unprofitable for the bank.

Here is an example of calculating interest on a deposit with replenishment.

The client opens a deposit in the amount 70000 rubles at the rate 7% per annum for 3 months.

For the first month, the income will be:

After replenishing the deposit on 3000 rubles, the account contains an amount of 73000 rubles.

Recalculation for the year:

Income for the remaining 60 days:

The total amount of interest on the deposit for three months will be 1242 rubles from the amount in 73000 rubles. And the final amount of the deposit 74242 rubles.

Important disclaimers about deposit interest calculations

Effective rate

The effective interest rate allows you to estimate the real income from a particular deposit. It is this rate that allows you to compare different offers from banks and choose the most profitable.

Since the capitalization of deposits significantly affects the income from the deposit, the effective rate is calculated using the following formula:

S effective = ((1+I/100/n) n - 1) x 100

, Where:

Let's use an example to calculate. The deposit is placed in the bank for 1 year at 10% per annum. Interest capitalization - monthly.

S effective = ((1+10/100/12) 12 - 1) x 100 = 10.43%

In this case, the effective annual interest rate will be 10,43% .

That is, when choosing a deposit, it is necessary to compare the effective rates. Today, there are enough online services for calculating deposit rates. Similar calculators can be found on the websites of banks.

Taxing

Any income of a citizen of the Russian Federation established by law is subject to tax. In the case of a bank, such income is the percentage of excess of the refinancing rate.

As of August 2020, the refinancing rate has not been set. From January 1, 2020, the Central Bank of the Russian Federation decided not to allocate refinancing as a separate rate, but to equate it to the key one.

The key rate in 2020 is 11% , which means that if the interest on the deposit is higher than this value, then such income must be subject to personal income tax - 35% .

Let's turn to the law. Data on taxes paid by individuals on income is considered by Article 214.2 of the Tax Code of the Russian Federation, as amended and supplemented as of the date of application. So, you can make simple calculations.

If the client places a deposit of 10,000 rubles for a period of 1 year at a simple interest rate of 12.3%, then upon the expiration of the contract, he will have to pay to the tax office:

• 10000 *12,3% = 1230 rubles;
• 10000*11% = 1100 rubles;
• (1230-1100)*35% = 45.5 rubles.

Thus, in this example, it can be seen that taxes will amount to 45.5 rubles. The bank is responsible for deducting taxes, and the client will simply receive a reduced amount in his hands.

Dependence on timing

The final income from the deposit depends on the terms and it is quite simple to calculate it manually.

With a deposit of 10,000 rubles at a rate of 8% per annum, we will calculate as follows:

• determine what the daily accrual is equal to 1% : 10000/100 = 100 rubles;
• multiply by the amount of interest that the bank gives: 100 * 8 \u003d 800 rubles;
• add the percentage to the body of the deposit: 10000 + 800 = 10800 rubles.

If the money is placed not for a year, but for another period, then it is more difficult to calculate the percentage. Consider the same example, but the term of the deposit will be 182 days.

The annual return will be 800 rubles. Behind 1 day year the investor will receive: 800/365 = 2,192 rubles. This is the value of the deposit accrued daily. The deposit conditions in the example state that the term is 182 days, respectively, it is necessary to multiply this period by the daily income: 182 * 2.192 = 398.9 rubles.

In banks, the terms of deposits are indicated in months or years, but days are still used in the calculation.

So, the most common times are:

• 1 month - 30 days;
• 3 months - 90 days;
• six months - 182 days;
• year - 365 days.

With a replenished deposit, the process is more laborious. In this case, you can use the online calculator.
An example of how to check the total

When calculating on a calculator, an incorrect amount may be given, since the technical factor always exists. If the deposit was opened earlier and there is an account statement with all the accruals on hand, then it is very easy to check the correctness of the accrual of income.

For example, on February 20, a client opens a deposit with a quarterly capitalization. Deposit amount 10000 rubles, bid 10% . Term - 9 months or 272 days. took off on August 15 5000 rubles.

• From February 20 to April 10: 10000*9/100*49/365 = 120.8.
• From April 10 to May 20: 40000*9/100*42/365 = 414.2.
• February 20 to May 20: 120.8 + 414.2 = 535.
• From May 20 to August 15: 35535 * 9/100 * 85/365 = 744.77.
• From August 15 to August 20: 30535 * 9/100 * 6/365 = 45.18.
• From May 20 to August 20: 744.77 + 45.18 = 789.95.
• From August 20 to November 20: 31324.95 * 9/100 * 91/365 = 702.88.

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Today, banks offer many services to the population, the most popular of which are lending and depositing. The policy regarding loans and deposits is largely controlled by the Central Bank of the Russian Federation, as well as Russian legislative acts. However, banks have the right to provide loans and place deposits on certain conditions, if this does not contradict the law.
According to statistics, every 10th Russian is a client of this or that bank. That is why the question of how the annual interest on a loan or bank deposit is calculated is so important. In most cases, interest refers to the size of the bet. The total amount of overpayment on the loan, as well as the amount of the monthly payment, depends on the rate.

Annual percentage of deposits: calculation according to the formula

First of all, consider bank deposits. The conditions are specified in the agreement at the time of opening a deposit account. Interest is charged on the deposited amount. This is a monetary reward that the bank pays to the depositor for the use of his money.

The Civil Code of the Russian Federation provides for the possibility of citizens to withdraw a deposit at any time, along with accrued interest.

All the nuances, conditions and requirements for the deposit are reflected in the agreement between the bank and the depositor. The calculation of annual interest is carried out in two ways:

Annual percentage of the loan: calculation by the formula

Today, the demand for loans is huge, but the popularity of a loan product depends on the annual interest rate. In turn, the amount of the monthly payment depends on the interest rate.

When considering the issue of calculating interest on a loan, it is necessary to familiarize yourself with the basic definitions and features of lending in Russian banking institutions.

The annual interest rate is the amount of money that the borrower agrees to pay at the end of the year. However, interest is usually calculated on a monthly or daily basis for short-term loans.

No matter how attractive the interest rate on a loan looks, it should be understood that loans are never issued free of charge. It does not matter what type of loan is taken: a mortgage, a consumer loan or a car loan, the bank will still be paid an amount more than they took. To calculate the amount of monthly payments, it is necessary to divide the annual rate by 12. In some cases, the lender sets a daily interest rate.

Example: a loan is taken at 20% per annum. How much interest from the body of the loan is required to pay daily? We believe: 20% : 365 = 0,054% .

Before signing a loan agreement, it is recommended to carefully analyze your financial situation, as well as make a forecast for the future. Today, the average rate in Russian banks is about 14%, so the overpayment on the loan and monthly payments can be quite large. If the borrower is unable to repay the debt, this will lead to the imposition of penalties, lawsuits and loss of property.

It is also worth knowing that interest rates may vary depending on their condition.:

• constant - the rate does not change and is set for the entire loan repayment period;
• floating depends on many parameters, for example, on the exchange rate, inflation, refinancing rate, etc.;
• multilevel - the main criterion for the rate is the amount of the remaining debt.

Having become familiar with the basic concepts, you can proceed to the calculation of the interest rate on a loan. For this you need:

1. Find out the balance at the time of settlement and the amount of debt. For example, the balance is 3000 rubles.
2. Find out the cost of all elements of the loan by taking an extract from the loan account: 30 rubles.
   Using the formula, divide 30 by 3000, you get 0.01.
3. We multiply the resulting value by 100. The result is a rate that regulates monthly payments: 0.01 x 100 = 1%.

To calculate the annual rate, you need to multiply 1% by 12 months: 1 x 12 = 12% per annum.

Mortgage loans are calculated much more complicated, because. include many variables. For a correct calculation, the loan amount and interest rate will not be enough. It is better to use a calculator that will help you calculate the approximate rate and amount of monthly mortgage payments.

Calculation of annual interest on a loan. Online calculator (balance by month and overpayment amount)

For a detailed determination of the annual interest on the loan, the distribution of the balance of the loan body by month and year, as well as displaying information in the form of a graph or table, you can use the online calculator for calculating

For the temporary use of the depositor's funds, the bank is obliged to calculate remuneration on a monthly basis. In fact, this is done according to the terms of the agreement between the bank and the client. The calculation of interest is included in the maintenance of the account and is performed without the participation of the depositor. But the depositor can independently calculate the interest on his deposit. To do this, you will need to acquire some skills and knowledge.

What are the interest rates on bank deposits?

Interest is divided by default into simple and compound. And interest is calculated in two ways - according to a simple and complex formula. The second method includes several schemes that differ from each other in the variability of the calculation. What is the difference between simple interest and compound interest?

Simple

The peculiarity of this type of accrual is that the interest on the deposit is not added to the principal amount, they are sent to another account opened under the terms of the agreement. At the conclusion of the contract, the frequency of accruals is also approved - once a month, quarterly, half a year, a year or at the end of the deposit term.

All terms are indicated at the choice of the depositor.

Complex

The second option is used for deposits with capitalization. Interest is automatically added to the body of the deposit, and each subsequent time the profit is accrued on a new, already increased amount. Thus, both the deposit amount and the interest rate are regularly growing.

How to correctly calculate the interest on the deposit?

First you need to understand for yourself all the conditions for the deposit, in particular, the frequency of interest accrual (monthly, quarterly, etc.), the type of interest accrual (simple or complex). After that, you can arm yourself with a calculator and proceed to the calculations.

How to use calculators?

The easiest– use the deposit profitability calculator on the website of the bank where the client has opened or is going to open a deposit. For example, on the Sberbank website. In the top menu, find the section "Invest and earn", then - "Deposits". A page with all offers will open. By choosing one of the options, at the bottom of the page you can see an online calculator that makes it easy to calculate income for this type of deposit. It is enough to enter the amount, the annual rate (it is entered automatically in the calculator for each product), the term of the deposit and click "Calculate".

The resulting figure is divided by 100 and the number of days in a year. This is the return on investment.

Simple formula calculation

Interest accrual on deposits without capitalization with a simple formula:

S=(P*I*t:K):100.

Designations:

• S - accrued profit.
• P is the amount of the deposit.
• I - annual rate on the deposit.
• t – deposit term (number of days).
• K is the number of days in a year (365 days are always taken into account when calculating interest, even in a leap year).

If the client invested 50,000 rubles. for a year at 4.7%, his income will be 2350 rubles: (50,000 * 4.7 * 365): 100 = 2350.

Complex formula calculation

At the request of the client, interest on the deposit may not be charged to a separate account, but added to the body of the deposit. In this case, you need to calculate the yield according to another, more complex formula:

S = ((P * I * (t: K)):100) + ((P 1 * I * (t 1: K)):100).

The peculiarity of this formula is that the initial and subsequent components each time differ in the variables P (deposit size) and t (number of days on the deposit). So, let's take a replenished deposit for 50,000, the interest rate is 12%, the term is 60 days. If the depositor replenished the account on the 20th day by another 10 thousand rubles, it turns out that the initial deposit was on the account for 19 days (t). From the 20th day to the 60th, the amount is 60,000 rubles. So the profit will be calculated as follows:

((50,000*12*(19:365)):100+((60,000*12*(20:365)):100 = 312.33+394.52=706.85 rubles.

Calculation of deposits with capitalization

To calculate interest on deposits with capitalization, another formula applies:

S=(P*I*j:K):100.

• S - percentage.
• P is the amount of the deposit plus any additional amounts received from capitalization.
• I is the interest rate on the deposit.
• t is the number of days in the period of time for which capitalization is performed.
• K - days in a year (365 or 366).

Visually, it looks like this: a deposit is made with a capitalization, for example, for 100 thousand rubles at 11.5%. Deadline - three months - June, July and August. Profit for the first month will be 945 rubles. - (100000*11.5*30:365:100). Income is added to the initial deposit, and thus for the second month it will be calculated: 100945 * 11.5 * 31:365:100 = 985 rubles. There are also 31 days in August, respectively, the calculation is made: 101930 * 11.5 * 31: 365: 100 \u003d 995.5 rubles.

As you can see, the gradation of interest occurs monthly, and at the same interest rate, a deposit with capitalization is more profitable.

How to calculate income taking into account the effective rate?

Rates with a similar characteristic are applicable only for deposits with capitalization. Profitability increases along the chain:

• unpaid profit is added to the principal amount;
• the amount on the deposit increases;
• accordingly, higher interest is charged;
• growing income.

Effective interest rate- this is the calculation of the profit accrued to the amount of the initial deposit by the end of the deposit term. It can be calculated using the formula:

(P*S)*(365:d)*100.

P is the profit for the entire deposit period.
S - deposit amount.
d - term of the deposit.

Examples of calculations for deposits

Formulas only at first glance seem incomprehensible. Having understood the terms once, each depositor can independently regulate his account and calculate his profitability.

Several examples of calculations.

Deposit without capitalization with calculation according to a simple formula. Amount - 100 thousand rubles, term - 180 days, interest rate - 4.72, taking into account capitalization. Total: (100,000 * 4.72: 180: 365): 100 = 2466.05 rubles. We add income to the body of the deposit, we get 102466.05 rubles.

According to another scheme, compound interest income will be calculated. Each option involves the possibility of adding interest to the principal amount of the deposit. Then both the amount of the deposit and the procedure for accruing profit change. Here is an example of calculating compound interest.

If the client deposited 100 thousand rubles at 12% per annum for a period of 1 year, chose 3 months (quarterly) as the frequency of interest calculation, then the calculation procedure will be as follows:

1. The number of days in a quarter is divided by the number of days in a year. It turns out: 91:365=0.25.
2. This value is multiplied by the deposit amount and the income rate.
3. Further - the number is divided by 100 (%): 100,000 * 12 * 0.25: 100 \u003d 3000.

It remains to multiply the resulting number by the number of accruals and add the result to the initial deposit amount: 3000*4+100,000=112,000.

Another type is deposits with the possibility of replenishment. Example:

• Deposit in the amount of 300 thousand rubles, term - 12 months, rate - 12%.
• The frequency of accrual of profit is 1 time per quarter.
• Replenishment - 50 thousand rubles each. every 3 months.

In total, the total amount of replenishment will be (for 3 times) 150 thousand rubles. Interest in the 1st quarter: 300000*0.12*91:365=8975.34 rubles For the second quarter, the profitability, taking into account replenishment, will be: (300,000 + 50,000) * 0.12 * 91: 365 = 10,471 rubles. 23 kop. In the third quarter: (400,000 + 50,000) * 0.12 * 91: 365 = 13463.01 rubles. At the end of the 4th term expires, so it does not count. The total profit will total 44876.4 rubles.

What deposits are taxed?

Citizens pay taxes on all income. If interest is charged on a person's deposits, can this be considered taxable income? The Ministry of Finance regularly makes proposals on the taxation of deposits of the population, but so far this does not apply to standard deposits of individuals. How much interest income is taxable?

In 2018, the tax-free deposit rate will remain unchanged. It corresponds to the formula "The key rate of the Central Bank + 5%". This means that with a key rate of 8.25%, introduced by the Central Bank at the beginning of the year to attract customers, the maximum income on deposits for which you do not have to pay tax is 13.25%. Profits above this value will be taxed. For information: if the key rate of the Central Bank is exceeded, the tax on deposits can reach up to 35%. However, it is unprofitable for the bank itself to exceed this threshold, because it will itself be forced to pay deductions to the Deposit Insurance Agency at an increased rate.

It is possible to evaluate the profitability of a deposit with capitalization in several ways. The simplest and most accurate option is to use a calculator. The program saves a lot of time and provides detailed information on interest calculation.

How the calculator helps to evaluate the profitability of a deposit with capitalization

Deposit calculator is a convenient service for determining. The program allows you to accurately calculate the potential profit on deposits in different banks in a few minutes and choose the most profitable option.

Benefits of using a calculator to assess the profitability of a deposit:

1. High accuracy of calculations. Profitability calculators are based on financial mathematics formulas that bankers use when calculating interest on deposits.
2. Determining the difference in income when changing the parameters of the deposit: urgency, rate, procedure for calculating interest and replenishing the deposit.
3. Obtaining a clear idea of ​​the amount of income received at the end of the deposit term.
4. Comparison of conditions for deposit programs of several financial institutions.

Important! The information received in the course of calculations by the deposit calculator is still for reference only. For reliable data on the amount of future savings, it is recommended to contact the bank. Some institutions are ready to make an extra charge on an individual basis for regular customers or for depositors who open a long-term deposit.

Calculation of profit on a deposit on a calculator online

To determine the profit on a deposit, you must open the online deposit calculator program with the option to calculate capitalized interest.

General calculation algorithm:

1. Enter the main parameters of the deposit into the form:

• amount;
• currency;
• placement period;

2. Determine the procedure for calculating interest, i.e. the frequency of capitalization, and the possibility of depositing funds into the deposit account.

Conclusion: if the depositor deposits 50,000 r. with a capitalization of 13% per annum, then his income for six months will be 3360 rubles.

For clarity, most computing programs provide the output of results in the form of a graph showing the monthly interest calculation.

Important! Income at a rate of more than 15.5% is subject to a 35% tax. Some programs provide an option to calculate the amount that is taxed and the amount of profit withheld from the deposit.

When placing a deposit with a capitalization for 6 months in the amount of 50,000 rubles, but at a rate of 17%, the income will be 4290 rubles, 136 rubles. - the amount of taxes withheld.

Calculation of return on investment in Excel

You can find out the total amount of profit on a deposit with capitalization using the spreadsheet editor MS Excel.

An example of calculating a deposit for 50,000 rubles. with a period of 6 months. at a rate of 13%. Need to:

1. Open Excel and activate any cell.
2. Go to the "Formulas" / "Financial" tabs.
3. From the list, select the formula "BS" - future value.

4. Enter the deposit details in the opened form:

• Rate - displayed as a decimal fraction based on 1 month, that is - 0.13 / 12;
• Nper - the number of months (periods of capitalization) - 6;
• PS - deposit amount: 50,000.

The editor automatically displays the total amount of investments at the end of the period: contribution + accrued interest.

The calculation shows that the depositor will receive a profit from the deposit in the amount of 3339 rubles in six months. The error of the result compared to the calculation with an online calculator is 21 rubles. – that is, less than 1%.

The disadvantage of using a spreadsheet editor is that the program does not calculate tax on income from a deposit whose rate exceeds 15.5%.

The formula for calculating the contribution with capitalization

A deposit with capitalization provides for the accrual of interest on the amount of the deposit itself and on the profit accrued earlier. The calculation formula depends on the type of capitalization:

• monthly;
• daily;
• quarterly;
• annual.

The most common is the first option - the accrual of compound interest on a monthly basis. In this case, the formula applies:

,

• Deposit amount - the amount of savings placed on the deposit account;
• Period - the number of days in the billing period;
• Rate - annual percentage;
• n is the number of capitalization periods for the entire term of the deposit.

It is quite difficult to independently calculate the deposit using the financial formula. It is easier to define the profitability of investments as the sum of accrued interest for certain periods. Monthly income is calculated using the simple interest formula, and then added to the body of the deposit.

Calculation example. Deposit options:

Calculation algorithm:

1. Income for the first month \u003d 50000 * 30 * 13 / (100 * 365) \u003d 534.24 rubles.
2. Income for the second month \u003d (50,000 + 534.24) * 29 * 13 / (100 * 365) \u003d 521.95 rubles.
3. Income for the third month \u003d (50534.24 + 521.95) * 30 * 13 / (100 * 365) \u003d 545.53 rubles.
4. Income for the fourth month \u003d (51056.19 + 545.53) * 28 * 13 / (100 * 365) \u003d 551.36 rubles.
5. Income for the fifth month = (51601.72 + 551.36) * 30 * 13 / (100 * 365) = 557.25 rubles.
6. Income for the sixth month = (52153.08 + 557.25) * 28 * 13 / (100 * 365) = 525.66 rubles.
7. The total amount of accrued interest = 534.24 + 521.95 + 545.53 + 551.36 + 557.25 + 525.66 = 3235.99 rubles.

The calculation error in this case is higher due to the inaccurate number of days. The calculator usually takes into account the specific date of opening the deposit, which is the starting point for the subsequent calculation.

Algorithm for comparing the profitability of deposits

A rigorous analysis of the parameters of deposits will help you choose the best banking product. The program for comparing the profitability of deposits is presented on many websites of financial institutions. As a rule, this service is located on the page "Individuals" / "Deposits / Deposits" / "Deposit calculator".

The site will be able to compare the amount of expected profit when placing the same deposit amount for the same period, but on the terms of different deposit programs operating in this particular bank.

Comparison of profitability of Baikal Bank deposits. Need to:

1. Open the Deposit Calculator.
2. Set the parameters you are interested in. For example, 100 thousand rubles. for up to 400 days inclusive. The main condition is the monthly capitalization of interest.
3. Click "Calculate Income".

4. Evaluate the result.

A list of deposit programs matching the entered conditions will be displayed on the screen. It remains to choose the best among the proposed options.

The following criteria influence the amount of return on investment:

• possibility of partial withdrawal / ;
• the amount of commission for the conversion of funds - for foreign currency deposits;
• frequency of interest capitalization. The highest income is for deposits with daily capitalization.

5 accurate deposit calculators

The calculator on the website of the bank where you deposit will show the most accurate result. It is highly likely that employees use the same tool when drawing up a contract. You will only have to enter the parameters correctly, choose the method of calculating interest and take into account the withholding of tax.

If the depositor has not yet decided on the bank, then it is possible to use one of the programs:

1. Deposit calculator of the information portal about banks. The service has several advantages:

• calculation accuracy;
• tax accounting;
• choice of frequency of capitalization;
• output of interest calculation schedule;
• displaying suitable offers from different banks.

5. Investment calculator Business magazine showing the dynamics of accrued interest growth.

If you are planning to open an account, the calculator will help you take into account all the parameters and choose the right product. Before placing a deposit in one of the Moscow banks, find out what the income from a particular amount will be. When calculating independently, you can get confused or make a mistake. To find out how much money your investment will bring you, use the capitalization deposit calculator. This is a quick and easy way to determine the profitability of a deposit. The Vyberu.ru service takes into account not only the rate, but also the possibility of replenishing the account and capitalizing interest. The online deposit calculation program will calculate the income for a particular planned period. If you plan to add interest to the principal amount of your investment, indicate this condition in the deposit calculator. Once a period, the accumulated funds will be added to the body of the deposit, and the next income is accrued for a larger amount than you invested. Self-replenishment will also increase the benefit.

The online deposit calculator will allow you not only to calculate the interest on the deposit, but also to select similar ones among the offers of banks. Standard system settings take into account only the interest rate charged on the principal amount of the account. However, you can get the greatest profit only with a high effective rate, which is calculated taking into account capitalization and account replenishment.

You do not have to use the formulas yourself in order to calculate the interest on the deposit. All that is required is to enter the data necessary for the calculation: the size of the investment, the term and the desired interest rate. To estimate income taking into account the effective rate, go to the "Banks" - "Deposits" - "Calculator" page, check the boxes corresponding to the increase in interest and replenishment of the principal amount of the deposit. For these parameters, you will also need to specify the expected amount and period of replenishment, and for capitalization - the frequency of payments.

After filling in all the fields, click "Calculate Yield". The program will show what the "body" of the deposit will be, its income for a particular investment period. Also in the calculator you can choose two rates - standard and effective. You will see the payment schedule for the account - files in PDF or Excel format.

To find out the income for the online deposit program you are interested in, click on the "Detailed calculation" link available in the card of each product. The built-in calculator will take into account the parameters offered by the bank. You can also go to the page of the credit institution itself and use the service offered there.

Type