Fixed Deposit Calculator
Plan smarter for your future
Enter your deposit, interest rate, and tenure to find out how much you’ll earn from your fixed deposit.
Calculate your guaranteed returns
Rates may change at the time of your lock-in.
USD
%
Total Investment
$100,000
Interest Rate (p.a.)
3% p.a.
Time Period
0 Years 6 Months
Est. Returns
$1,479
Total Value
$101,479
Note: The actual interest earned may be different from the calculated interest due to a variety of factors
Total Investment $100,000
Est. Returns $1,479
Total Value
$101K
Disclaimer:
Our Fixed Deposit Calculator helps you visualise how much your savings can grow over a fixed period.
By entering your deposit amount, expected interest rate, and tenure, you can instantly estimate your maturity amount and the total interest earned—helping you make more informed decisions with your money.
Benefits of fixed deposits
Guaranteed returns
Fixed deposits provide a fixed, predictable interest rate not subject to market fluctuations until maturity.
Better interest rates
Fixed deposits generally have better interest rates than a savings account.
Various tenure options
Choose terms ranging from a few months to several years, depending on your goals.
Suitable for short- to medium-term goals
FDs work well for planned expenses like travel, school fees, or building an emergency reserve ladder.
Available in multiple currencies
Some banks allow FD placements not just in AED, but also in USD, EUR, GBP, SAR, and more.
Ideal for conservative savers
Fixed deposits are especially suitable for those who prefer capital protection over higher-risk investments.
Are there any fixed deposit alternatives?
Try StashAway Simple
Your cash after 5 years
Let's compare a fixed deposit at 2.70% p.a. with StashAway's Simple at 3.90% p.a.
After five years, StashAway Simple would generate about 2,108 AED in interest, compared to only 1,424 AED from a 2.7% fixed deposit—both based on an initial 10,000 AED deposit.
That is 684 AED more!
Disclaimer
Our Cash Management Solutions
Simple™
Ultra-low risk
No minimum balance
Optimised for cash growth
Performance:
Returns up to 3.9% p.a
USD Cash Yield
Backed by the US government
Protection against inflation
Diversify your currency exposure
Performance:
4%* p.a. yield in USD
Start earning more on your cash
Terms and conditions apply.
By creating an account, you agree to the Platform Agreement
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Frequently Asked Questions
Can I withdraw my fixed deposit early?
Yes, but doing so may lead to forfeiture of interest and possible penalties.
What's the difference between simple interest and compound interest?
Simple interest is earned only on your original deposit, while compound interest builds on both your principal and previously earned interest. Over time, compound interest grows your money much faster.
| Feature | Simple Interest | Compound Interest |
|---|---|---|
| What it earns on | Principal only | Principal + accumulated interest |
| Growth speed | Slower, linear | Faster, exponential |
| Common uses | Fixed deposits | StashAway Simple |
What is a fixed deposit?
A Fixed Deposit (FD) is a type of savings product that lets you earn a guaranteed interest rate on a lump sum of money over a fixed period of time.
Offered by banks and financial institutions, it is one of the most straightforward and low-risk ways to grow your savings. FDs are commonly used by individuals looking to preserve capital while earning a predictable return.
You agree to lock in your money for a set period—typically ranging from 1 to 24 months or more—and in return, the bank pays you interest. If you withdraw early, there may be penalties or a reduction in interest earned.
What is the minimum amount to open a fixed deposit in the UAE?
It depends on the bank and tenor, but it's usually more than 1,000 AED. Refer to our latest weekly updates on the best UAE fixed deposit rates.
How is fixed deposit interest paid?
Fixed deposits typically payout interest at the end of the tenure also known as at maturity. However, some banks may offer monthly, quarterly or semi-annual payout options for longer tenures.
How is fixed deposit interest or profit calculated?
Fixed deposit interest is usually calculated using simple interest, meaning you earn interest only on your original deposit. The formula is: Interest = Principal × Rate × Time. Most banks pay FD interest monthly or at maturity, and it doesn’t compound unless specifically stated for multi-year deposits.
In most cases, banks in the UAE use simple interest for FDs. That means your interest is calculated only on the initial deposit, not on accumulated interest.
Formula:
Interest = Principal x Interest Rate x Time
Here are a few examples to illustrate how interest is earned over different tenures:
| Principal | Interest Rate (p.a.) | Tenure | Interest Earned | Maturity Amount |
|---|---|---|---|---|
| 10,000 AED | 3.20% | 3 months | 80 AED | 10,080 AED |
| 10,000 AED | 3.50% | 6 months | 175 AED | 10,175 AED |
| 10,000 AED | 3.80% | 12 months | 380 AED | 10,380 AED |
The maturity amount you see reflects how much you’ll receive at the end of your selected tenure, assuming you don’t withdraw early. While longer tenures often offer higher interest rates, they also reduce liquidity. Be sure to compare rates across banks before committing—especially during promotional campaigns.
Want to explore your options? Check out the Latest FD Rates in UAE updated monthly.
What’s the best tenure for a fixed deposit?
That depends on your financial goals. Shorter tenures offer more flexibility, while longer ones may offer slightly higher returns.
Are fixed deposits better than savings accounts?
It depends on your strategy as fixed deposits and savings accounts differ.
| Feature | Fixed Deposits (FDs) | Savings Accounts |
|---|---|---|
| Interest Rate | Usually higher, fixed for the entire term | Lower, may vary month to month |
| Flexibility | Low — funds locked in for a set period | High — withdraw anytime |
| Early Withdrawal | Penalties or loss of interest | No penalties |
| Risk Level | Very low, guaranteed rate | Very low, but variable rate |
| Ideal For | Medium-term savings you won’t need immediately | Emergency funds or daily money management |
| Minimum Balance | Often required | Usually low or none |
| Interest Type | Generally simple interest | Often compounded monthly |