answersLogoWhite

0

What is a term deposit calculator used for?

Updated: 8/20/2019
User Avatar

Wiki User

10y ago

Best Answer

A term deposit calculator allows one to determine how much interest one can earn over an investment term. The calculator allows one to determine how long one wants his or her money to be invested.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a term deposit calculator used for?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where could a person find the interest rates for certificates of deposit?

A person could the interest rates for certificates of deposit by using an interest rate calculator where the amount of the deposit is entered into an equation and the end result will be how much interest will be earned for the term you want.


Will a term insurance calculator help you calculate your premium accurately?

Yes a term insurance calculator will be accurate. I bought my insurance from Bharti AXA and used the calculator on their website before buying.


What can one do with a Certificate of Deposit calculator?

One can use this to help decide whether to invest. This calculator helps one to work out the interest which will be payable on a Certificate of Deposit.


What does debit DDA mean?

DDA stands for Demand Deposit Account. It is your deposit account. A term used widely in payments industry


What term is used for the triangular shaped deposit of sediment found at the mouth of a river?

delta


Future Value Calculator?

Future Value Calculator Use this calculator to determine the future value of an investment which can include an initial deposit and a stream of periodic deposits.


Certificate of Deposit Calculator?

Certificate of Deposit Calculator Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD). Just enter a few pieces of information and we will calculate your annual percentage yield (APY) and ending balance. Click on the "View Report" button to see a detailed schedule of your CDs balance and interest earned.


What is the difference between a time deposit and a certificate of deposit?

A time deposit (also known as a term deposit, particularly in Canada, Australia and New Zealand; a bond in the United Kingdom) is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time. When the term is over it can be withdrawn or it can be held for another term. Generally speaking, the longer the term the better the yield on the money. A certificate of deposit is a time-deposit product. A Certificate of Deposit (CD) can be traded, while a time deposit cant be traded because it is linked to a bank account.


What is the definition of a term deposit rate?

The definition of term deposit rate is a deposit held in a financial institute at a fixed rate. Such as a cd that banks offer or bonds.


How do banks calculate term deposit rates?

Term deposit rates is the amount of money paid in interest at specific date for a specific amount of money placed in the Term Deposit. Banks calculate term deposit rates for example at 35% interest of a deposit of å£10,000 gives an added value å£35 at the end of the year.


Difference between certificate of deposit and fixed deposit?

A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks. A fixed deposit is the same thing as a CD but the term is more often used in south-east Asian countries like India, Sri Lanka, etc while certifcate of deposit is used in North American countries and likewise.


What is the Tagalog term for calculator?

talapindutan