Calculate the interest you will get from your deposit. Get the total, monthly, quarterly, semesterly and yearly benefit. Discover the 19% withholding, the tax your interest will pay according to the savings taxable base brackets, and the APY calculated on gross interest.
Deposit Calculator
Calculate the return on your bank deposit: gross interest, 19% withholding and the income tax (IRPF) you will owe.
€
%
Compound frequency
Nominal rate
2.00%
APY
2.00%
| Net | Gross | |
|---|---|---|
| Initial capital | 10.000 € | 10.000 € |
| Total benefit | 162 € | 200 € |
| Final capital | 10.162 € | 10.200 € |
| Monthly benefit | 13,50 € | 16,67 € |
| Quarter benefit | 40,50 € | 50 € |
| Half year benefit | 81 € | 100 € |
| Yearly benefit | 162 € | 200 € |
| Withholding tax (19%) | 38 € | |
| Estimated income tax (savings scale) | 38 € | |
| To pay in your tax return | 0 € | |
The bank always withholds 19% of the interest (art. 101.4 LIRPF). In your tax return the interest is taxed on the savings scale (19% up to €6,000, then 21%, 23%, 27% and 30% above €300,000): if your interest exceeds €6,000 in a year, you pay the difference. The calculation assumes this is your only savings income and does not apply the personal allowance. The APY is calculated on gross interest, as required by Bank of Spain Circular 5/2012.
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Major improvements: Added compound frequency (monthly, quarterly, semiannually, annually), compound interest calculation, APY (Annual Percentage Yield) and final capital. Calculations now more accurately reflect the real return of bank deposits.
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First version of the deposit calculator. Get the total, monthly, quarterly, semesterly and yearly benefit. Discover the net benefit of the investment.