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Fixed Rate Calculator {back to calculators}

This calculator assumes a fixed interest rate. Please complete all fields to perform the calculation. Please check with your bank before making a decision on the basis of this calculator, since your bank may use a different method of calculating the interest.

Initial Deposit
$

Annual Interest Rate
%

How Often Will You Make Additional Deposits?

Additional Deposit Amount
$

Month

Interest

Balance

1

$3.58

$1003.58

2

$3.95

$1107.54

3

$4.33

$1211.86

4

$4.70

$1316.57

5

$5.08

$1421.64

6

$5.45

$1527.09

7

$5.83

$1632.92

8

$6.21

$1739.13

9

$6.59

$1845.72

10

$6.97

$1952.70

11

$7.36

$2060.05

12

$7.74

$2167.79

13

$8.13

$2275.92

14

$8.51

$2384.43

15

$8.90

$2493.33

16

$9.29

$2602.63

17

$9.68

$2712.31

18

$10.08

$2822.39

19

$10.47

$2932.86

20

$10.87

$3043.73

21

$11.27

$3154.99

22

$11.66

$3266.66

23

$12.06

$3378.72

24

$12.47

$3491.19

49

$22.99

$6437.63

50

$23.43

$6561.06

51

$23.87

$6684.93

52

$24.31

$6809.24

53

$24.76

$6934.00

54

$25.21

$7059.20

55

$25.65

$7184.86

56

$26.10

$7310.96

57

$26.56

$7437.52

58

$27.01

$7564.53

59

$27.46

$7691.99

60

$27.92

$7819.91

109

$52.43

$14683.17

110

$52.97

$14836.14

111

$53.52

$14989.67

112

$54.07

$15143.74

113

$54.62

$15298.36

114

$55.18

$15453.54

115

$55.73

$15609.27

116

$56.29

$15765.56

117

$56.85

$15922.41

118

$57.41

$16079.83

119

$57.98

$16237.81

120

$58.54

$16396.35