Fixed Deposit (FD) Calculator South Africa
Welcome to our Fixed Deposit Calculator! This handy tool helps you calculate the interest earned and total amount accrued on your fixed deposit investment. Whether you’re planning for your future or simply want to maximize your savings, this calculator provides quick and accurate results to assist you in making informed financial decisions.
How to Use Fixed Deposit Calculator
- Principal Amount (R): Enter the initial amount you wish to invest in the fixed deposit.
- Interest Rate (%): Input the annual interest rate offered by the financial institution.
- Time Period (years): Specify the duration of the fixed deposit in years.
- Click on the Calculate button to generate the results.
- To clear all fields and start fresh, click on the Reset button.
Why Use Our Calculator:
- Efficiency: Our calculator simplifies the process of determining the interest earned and total amount accumulated, saving you time and effort.
- Accuracy: Utilizing precise mathematical formulas, our calculator ensures accurate results for your financial planning needs.
- Visualization: Visualize the breakdown of your investment with an interactive doughnut chart, providing a clear understanding of the principal amount and interest earned.
- Convenience: Accessible online from any device, our calculator offers convenience for on-the-go financial planning.
Example Calculation:
Suppose you invest R50,000 at an annual interest rate of 5% for a period of 3 years.
- Principal Amount (R): 50,000
- Interest Rate (%): 5
- Time Period (years): 3
Upon clicking Calculate, you’ll receive the following results:
- Interest Earned: R7,500
- Total Amount: R57,500
Note: Results are rounded to two decimal places and displayed in Rand (R).