Time Deposit Interest Calculator

Calculate the interest earned on your time deposit based on principal amount, interest rate, and deposit period

Input Parameters

Calculation Results

Calculation Formula

A = P × (1 + r/n)^(nt)

Where:
A = Amount after deposit period
P = Principal amount
r = Annual interest rate (in decimal form)
n = Number of times interest applied per time period
t = Time the money is invested for in years

Interest Earned

PHP 0.00

Total Amount After Deposit

PHP 0.00

Time Deposit Interest Calculator Calculator Usage Guide

Learn how to use the Time Deposit Interest Calculator and its working principles

How to Use This Calculator

  1. Enter the principal amount you plan to deposit (PHP)
  2. Input the annual interest rate offered by your bank (as a percentage)
  3. Specify the deposit period in months
  4. Click the "Calculate" button to see your potential interest earned and total amount after the deposit period

Understanding the Formula

This calculator uses the compound interest formula:

A = P × (1 + r/n)^(nt)

Where:

  • A = Amount after deposit period
  • P = Principal amount
  • r = Annual interest rate (in decimal form)
  • n = Number of times interest applied per time period (12 for monthly compounding)
  • t = Time the money is invested for in years

Important Notes

Remember that:

  • This calculator provides an estimate and actual interest may vary based on bank policies
  • The interest rate should be the annual rate without any additional fees or compounding periods specified
  • The calculator assumes monthly compounding, which is common for time deposits