Canada·Calculators·Term deposit

Term deposit calculator

Gross interest on a lump sum over a fixed term, before any tax is taken off.

Your numbers

Amount

$CAD

Rate

% p.a.

Gross interest:

CA$880.00

Maturity value CA$20,880

PrincipalCA$20,000

Gross interestCA$880.00

At maturityCA$20,880

Per month, averagedCA$73.33

Gross simple interest calculated for the selected term with no compounding. No fees, early withdrawal or reinvestment. No market observation date or benchmark coverage applies; check the provider’s minimum deposit and rate for your term. Actual interest payment timing and calculation conventions vary by provider.

Source: entered rate · starting rate illustrative, not a bank offerThe arithmetic is the same in every country

Breaking the term early

Breaking a term deposit early can cost interest. The rate you agreed applies to the full term, not to the part you served.

Common questions

What rate should I enter?

The starting rate is illustrative, not a current market average or bank offer. Enter a quoted annual rate for your deposit amount and term. Changing the term keeps your entered rate; check the quote again.

Does interest compound?

Not here. This is simple interest for the term.

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