Enter your data
£
%
months
Enter the amount, annual rate and term. Choose simple interest (paid at maturity) or monthly compounding.
=Value at maturity
10,400£
Gross interest400 £
Net interest+400 £
Value at maturity10,400 £
A fixed-term deposit usually pays simple interest over the term. In the UK savings interest is covered by the Personal Savings Allowance (£1,000 basic / £500 higher rate); above that it is taxed via HMRC.
Net interest 400 £ · Value at maturity 10,400 £