Interest Calculator

Savings Interest Calculator

Interest on saving accounts are paid on simple interest basis on Monthly Products System.

Monthly products are worked out on the basis of Minimum balances during the month.
Interest on Savings accounts are calculated yearly in December.

Currently applicable interest rate is 0.75 per cent per annum

Please enter 12 minimum monthly balances to find out the interest payable at current interest rate.

Minimum monthly balance #1 :
Minimum monthly balance #2 :
Minimum monthly balance #3 :
Minimum monthly balance #4 :
Minimum monthly balance #5 :
Minimum monthly balance #6 :
Minimum monthly balance #7 :
Minimum monthly balance #8 :
Minimum monthly balance #9 :
Minimum monthly balance #10 :
Minimum monthly balance #11 :
Minimum monthly balance #12 :
Interest Amount Is

A SAMPLE CASE

Rate of interest = 0.75%

I	12345	Monthly products
II	23456	Monthly products
III	34567	Monthly products
IV	45678	Monthly products
V	56789	Monthly products
VI	12345	Monthly products
VII	56780	Monthly products
VIII	234354	Monthly products
IX	455600	Monthly products
X	10020	Monthly products
XI	37900	Monthly products
XII	23446	Monthly products
	1003280	Sum of monthly products

Interest payable for half year = (1003280 / 1200) * 0.75 = $627

TERM DEPOSIT INTEREST CALCULATOR
Principal
Rate
Months
Interest Payable