To calculate the percent contribution specify how there is a charge.Thus, they can be charged at the end of the term, quarterly or monthly.There are also two types of interest - simple and complex (with a cap).
When calculating simple interest them at regular intervals fixed by the contract, shall be transferred to a separate account and are not connected to the deposit amount.Calculate them simply.To do this, multiply the initial deposit amount for the annual rate and the number of days on which a deposit.Then, the resulting sum will be divided by 100 and the number of days in a year (365 or 366).For example, the contribution of the sum of 100 thousand riveropen for 90 days at the rate of 9.8% per year.The yield on
the deposit amount to 2416.4 p.(9.8 * 100 * 90/365/100).If the deposit is opened for a year simply deposit amount multiplied by the percentage.
When contributions to the capitalization of accrued interest attached to the amount of the deposit in the terms that are spelled out in the contract.More often - monthly or quarterly.As a rule, the depositor has a choice - to make the capitalization of interest, or to take returns.But provided the capitalization of the deposit amount increases, respectively, grow and bear interest.To calculate the amount of the deposit with interest the initial amount of investment is necessary to multiply the annual rate and the number of days on which the Bank holds capitalization and divide by the number of days in a year, and 100. For example, with the contribution of 100 thousand riverwith a rate of 9.8% with monthly interest capitalization amount of interest for January was 832.3 p.(9.8 * 100 * 31/365).It turns out that in February the interest will accrue on the amount of contributions already 100 832.3 p.Further calculations are carried out similarly.If you want to calculate the amount of interest on the deposit for a specified period must be the original deposit amount multiplied by ((1 + annual interest rate * number of days / number of days / 100) to the extent (number of compounding periods per cent - 1).
If the formula for calculating yields are you too complicated, you can always turn to the representatives of the Bank to provide you with more information. Also on the websites of most banks have a calculator that allows you to automatically calculate the accrued interest on the basis of defined parameters.
If the percentage on the deposit of 5% or more higher than the refinancing rate of the Central Bank of the Russian Federation, while income savers are taxed 35%.
For the same interest rate of deposits with capitalization providedgreater profitability.It is worth considering when choosing a deposit.