Fixed Deposit (FD) Calculator South Africa
This Fixed Deposit Calculator helps you estimate the interest earned and the total amount accumulated on your fixed deposit investment in South Africa. Simply input your principal amount, annual interest rate, and time period in years, and let the calculator do the rest.
Fixed Deposit Calculator
How to Use Fixed Deposit Calculator
- Enter the principal amount you plan to invest.
- Input the annual interest rate offered by the financial institution.
- Specify the duration of your investment in years.
- Click the “Calculate” button to see your results.
Example Calculation:
Suppose you want to invest R50,000 for 3 years at an annual interest rate of 7%.
- Principal Amount: R50,000
- Annual Interest Rate (%): 7
- Time Period (years): 3
Upon clicking “Calculate,” the calculator will show you the interest earned and the total amount accumulated.
Interest Earned: R11,550.00
Total Amount: R61,550.00
This means you’ll earn R11,550.00 in interest over the 3-year period, resulting in a total of R61,550.00 at the end of the term.