Fixed Deposit Calculator Malaysia
Calculate your fixed deposit interest returns, maturity value, and compound earnings.
Total Interest Earned
RM350.00
Principal AmountRM10,000.00
Maturity ValueRM10,350.00
Nominal Interest Rate3.5%
Effective Annual Yield (EAY)3.500%
Formula Breakdown
- At Maturity: Total Interest = Principal × Nominal Rate × (Months / 12)
- Compound Interest: Maturity Value = Principal × (1 + Nominal Rate / Compounding Periods per Year)^(Compounding Periods per Year × Years)
- Effective Annual Yield = (1 + Nominal Rate / Compounding Periods per Year)^(Compounding Periods per Year) - 1
Assumptions
- Assumes a flat annual rate throughout the entire deposit tenure.
- Calculations assume a standard year division (e.g. 12 months, or 365 days depending on compounding adjustments).
- Tax-free interest: Under Malaysian tax law, interest income earned by individuals from fixed deposits is fully tax-exempt.
- Deposits made with PIDM member banks are protected up to RM250,000.
This calculator provides estimates only. KiraSmart is not financial advice. Please verify with official sources or professionals before making decisions. Read full disclaimer
Rates last reviewed: 2026-05-20 · Accuracy: official