Early Termination Savings Calculator
Estimate the net payout when breaking a deposit early
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Cashing out a savings or term deposit before maturity means losing the contracted interest rate in favor of a much lower early-termination rate. This calculator takes your principal, contracted rate, full term, and the months you actually held the deposit, then shows the applied penalty rate and the after-tax amount you'd receive. Everything runs locally in your browser, so your financial figures never leave your device.
How to use
- Enter the principal amount you deposited.
- Enter the annual interest rate you originally contracted for.
- Enter the full contract term in months and how many months you actually kept the deposit.
- Review the automatically applied penalty rate and your estimated net payout after tax.
FAQ
- How is the penalty rate calculated?
- Based on how much of the contract term has elapsed, the tool applies a tiered percentage of your original rate — roughly 20% to 90% depending on the elapsed ratio, with a very low flat rate for deposits held under one month.
- Will this match exactly what my bank pays out?
- Actual early-termination formulas vary by bank and product, so this tool gives a general estimate based on typical elapsed-ratio tiers. Confirm the exact figure with your financial institution.
- Does it account for taxes?
- Yes, it deducts a standard 15.4% tax on interest income to show the net interest and total payout (principal plus net interest).