How to calculate interest on a deposit?

The amount of interest due (income) on a deposit can be calculated using the calculator on the “Deposits” page by specifying the required deposit parameters. Or calculate it independently in accordance with the selected interest payment method:

1. Monthly interest payment to a separate account (without capitalization). Interest is calculated using the formula:

Interest on the deposit = (Deposit amount × deposit interest rate × actual number of days during which the funds are held in the deposit)/ number of days in a year.

Example: the client opened a deposit with monthly interest payment to a separate account — term 3 months (91 days), deposit amount 100,000 rubles, rate 12% per annum.

Interest on the deposit for one month: (100 000 ₽ × 12% × 30 days)/365 days = 986,30 ₽

Interest on the deposit for the entire deposit term (91 days): (100 000 ₽ × 12% × 91 days)/365 days = 2 991,78 ₽

2. Monthly interest payment with crediting to the deposit amount (with capitalization). Interest can be calculated in two ways:

2.1. Interest for each month is calculated on the deposit amount + the amount of credited interest for previous months.

Example: the client opened a deposit with credited paid interest added to the deposit amount (with capitalization) — term 3 months (91 days), deposit amount 100,000 rubles, rate 12% per annum.

Interest on the deposit for the 1st month: 100 000 ₽ × 12% × 30 days/365 days = 986,30 ₽.

Interest on the deposit for the 2nd month is accrued on the deposit amount + the interest amount for the 1st month: (100 000 ₽ + 986,30 ₽) х 12% * 31 days/365 days = 1 029,23 ₽.

Interest on the deposit for the 3rd month is accrued on the deposit amount + the interest amount for the 1st and 2nd months:  (100 000 ₽ + 986,30 ₽ + 1 029,23 ₽) х 12% * 30 days/365 days = 1 006,18 ₽.

Total interest amount for 3 months will be 3 021,71 ₽.

2.2. Interest for the entire deposit term can be calculated using the yield rate calculated by the bank, taking into account monthly interest capitalization, as specified in Uralsib Tariffs & fees.

Example: the client opened a deposit with credited paid interest added to the deposit amount (with capitalization) — term 3 months (91 days), deposit amount 100,000 rubles, rate 12% per annum, yield rate taking capitalization into account 12,12%.

Interest on the deposit for the entire deposit term (91 days): (100 000 ₽ × 12,12% × 91 days)/365 days = 3 021,70 ₽.

The calculations are preliminary and do not take into account deposit and withdrawal transactions. The final interest amount may differ.