Deposit Interest Calculation

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Instructions - Method of Calculation

Basic calculations

  • Capital is the initial amount you deposit in the bank.
  • The interest rate is always expressed as an annual percentage
  • The time period is calculated in days, based on a 365-day year

Calculation Type

Interest = Capital × (Annual Interest Rate / 365) × Number of Days

Interest is calculated daily with daily compounding.

Calculation Example

For a capital of €10,000, with an interest rate of 2% and a duration of 90 days:

Interest = €10,000 × (2% / 365) × 90

Interest = €10,000 × 0.00005479 × 90

Interest = €49.32

Important Information

  • Amounts are rounded to 2 decimal places
  • In case of early withdrawal, different terms and interest rates may apply
  • Interest is subject to 15% taxation, which is automatically withheld
  • Interest rates may vary depending on the type of account and the bank