Time Deposit Calculator

Enter deposit amount, annual rate, and term to estimate the maturity amount and net interest after tax.

Ad Space

Enter Deposit Details

Enter the details below and press Calculate to see the result immediately.

Enter the lump-sum deposit amount in KRW.

Enter the pre-tax annual interest rate offered by the product.

Enter a whole-number term between 1 and 600 months.

Most standard time deposits use simple interest.

Results

Estimated Maturity Amount (Net)

-

Principal -
Gross Interest -
Interest Tax (15.4%) -
Net Interest -
Maturity Amount (Gross) -
Interest Method -

Run the calculator to estimate the maturity amount for your deposit inputs.

Simple vs Compound Comparison

Compare the net maturity amount under simple interest and monthly compounding using the same assumptions.

Simple Interest Maturity Amount (Net) -
Compound Maturity Amount (Net) -

Run the calculator to compare the two interest methods.

Interest Method Guide

What is simple interest?

Interest is paid only on the original principal. Most standard time deposits in Korea use this method, which keeps the structure simple and easy to review.

What is monthly compounding?

Interest is added back into the balance and can earn more interest. Over longer terms, it can produce a larger maturity value than simple interest, and it appears in some savings-oriented products.

What is interest income tax?

This is the tax charged on interest income. In many standard cases, 14% interest income tax plus 1.4% local tax equals 15.4% withheld at source. Tax-exempt products or qualified accounts may reduce or remove this tax.

Ad Space

Related Guides

Savings vs Time Deposit

Review the core differences between recurring savings and lump-sum deposits based on your cash-flow plan.

Read Guide

Why Compounding Matters

See how compounding can change outcomes when money stays invested for longer.

Read Guide

How to Plan for a Lump-Sum Goal

Learn how to combine deposits, savings, and investing into a practical plan toward a target amount.

Read Guide
Ad Space

FAQ

Common questions about the time deposit calculator.