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 HKD, but also in USD, EUR, GBP, 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?
Product | USD Cash Yield | USD Fixed Deposit | Direct Bond |
|---|---|---|---|
Underlying funds | Short-term US Treasury bonds with maturity between 0-3 months | Bank fixed deposit | Single US Treasury bond with 3-month of maturity |
Yield | 3.7% p.a. | 3.1%-3.6% p.a. | 3.7% p.a. |
Minimum or Maximum | None | None (as banks usually offers better yield for larger deposit) | Minimum USD 1,000 |
Lock-up Period | None | Typically 3-12 months | Typically hold till maturity |
Fees | Only one management fee: 0.3% p.a. | None | Commission: 0.08% of value;
Platform fee: 0.04% of value (min. USD 2 per order);
Custody fee: 0.08% p.a. |
Capital Protection | None | Yes | None |
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Frequently Asked Questions
What is a fixed deposit? | HK
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.
In Hong Kong, FDs are also protected under the Deposit Protection Scheme (DPS), administered by the Hong Kong Deposit Protection Board, for up to $800,000 HKD per depositor per bank, adding an extra layer of safety.
How is fixed deposit interest calculated? | HK
"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 Hong Kong 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:
$10,000 HKD — 3.20% p.a. — 3 months — Interest $80 HKD — Maturity Amount $10,080 HKD
$10,000 HKD — 3.50% p.a. — 6 months — Interest $175 HKD — Maturity Amount $10,175 HKD
$10,000 HKD — 3.80% p.a. — 12 months — Interest $380 HKD — Maturity Amount $10,380 HKD
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 Hong Kong updated monthly."
What's the difference between simple interest and compound interest? | HK
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.
What it earns on — Simple Interest: Principal only — Compound Interest: Principal + accumulated interest
Growth speed — Simple Interest: Slower, linear — Compound Interest: Faster, exponential
Common uses — Simple Interest: Fixed deposits — Compound Interest: StashAway Simple, StashAway Simple Plus
What is the minimum amount to open a fixed deposit in Hong Kong? | HK
It depends on the bank, but it's usually more than $1,000 HKD. Refer to our latest weekly updates on the best Hong Kong fixed deposit rates.
Can I withdraw my fixed deposit early? | HK
Yes, but doing so may lead to forfeiture of interest and possible penalties.
Are fixed deposit returns guaranteed? | HK
Yes, interest rates are fixed at the time of deposit. In Hong Kong, eligible deposits are also protected up to $800,000 HKD per depositor per bank under the Deposit Protection Scheme (DPS), administered by the Hong Kong Deposit Protection Board.
How is fixed deposit interest paid? | HK
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.
What's the best tenure for a fixed deposit? | HK
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? | HK
It depends on your strategy as fixed deposits and savings accounts differ.
Interest Rate — Fixed Deposits: Usually higher, fixed for the entire term — Savings Accounts: Lower, may vary month to month
Flexibility — Fixed Deposits: Low, funds locked in for a set period — Savings Accounts: High, withdraw anytime
Early Withdrawal — Fixed Deposits: Penalties or loss of interest — Savings Accounts: No penalties
Risk Level — Fixed Deposits: Very low, guaranteed rate — Savings Accounts: Very low, but variable rate
Ideal For — Fixed Deposits: Medium-term savings you won’t need immediately — Savings Accounts: Emergency funds or daily money management
Minimum Balance — Fixed Deposits: Often required — Savings Accounts: Usually low or none
Interest Type — Fixed Deposits: Generally simple interest — Savings Accounts: Often compounded monthly
Can foreigners open a fixed deposit in Hong Kong? | HK
Yes, many banks allow non-residents to open fixed deposits, subject to additional documentation.