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Finance

Deposit Interest Calculator

Estimate simple pre-tax interest and the ending balance for a single deposit using an annual rate and a term in months.

KRW
%
Period

How to use

Enter the values requested above. Estimate simple pre-tax interest and the ending balance for a single deposit using an annual rate and a term in months. The result is calculated in your browser.

Formula

Pre-tax interest = deposit × annual rate × months ÷ 12. Ending balance = deposit + interest.

Example

What is the pre-tax interest on KRW 10,000,000 at 3.6% for 12 months?

Estimated simple interest is KRW 360,000, for an ending balance of KRW 10,360,000 before tax.

Frequently asked questions

How is this different from a monthly savings plan?
A deposit calculator starts with one lump sum. A savings calculator adds a new contribution each month.
Are my entries stored?
No. The calculation runs in your browser, and this page does not save the values you enter.