Deposit calculator: net interest
The net interest on a deposit is the gross interest minus fees and tax. For 10,000 € at 3% for 2 years with monthly compounding, the gross interest is 617.57 €; after 19% tax withholding (117.34 €) the net is 500.23 €, and after 2% yearly inflation the real final value is 10,092.50 €.
net = gross − tax − fees · real value = net final / (1 + inflation)^years
Updated: · Albea Systems
Result
| Year | Interest | Balance |
|---|---|---|
| 1 | €304 | €10,304 |
| 2 | €313 | €10,618 |
What comes off the interest
The withholding applied in Spain on interest is usually 19%; the final liability depends on your savings bracket. Enter the percentage that applies to you. Opening and maintenance fees also come off.
The net annual return is solved from the real cash flows, so monthly contributions count for as long as they have been in the deposit.
Capital does this calculation on your device, with the same figures you see here.
Download on the App StoreFrequently asked questions
What tax is withheld on deposit interest?
In Spain, the withholding is usually 19%. You can change the percentage in the calculator for other cases.
What is the real value?
What the final amount would be worth in today’s money, after the inflation you enter. If inflation exceeds the net return, you lose purchasing power.
What is the difference between simple and compound interest?
With simple interest, interest does not earn more interest; with compound interest it is added to the balance at the frequency you choose and earns interest itself.
More calculators
- Real APR of a loanAdd fee, appraisal, paperwork and insurance to see what it really costs.
- Nominal rate vs APRWhat each one counts, and how far apart they get in a real example.
- Loan paymentMonthly payment, interest and total paid under all three systems.
- Early repaymentReduce term or payment, with cancellation fee and against investing.
- French, linear and AmericanThe three systems with your numbers: payment, interest and balance.
- Amortization schedulePayment, interest, principal and balance every month and every year.
- Compare two loansReal APR, payment and total outlay of two offers side by side.
- Download on the App StoreCapital does this calculation on your device, with the same figures you see here.