Find the net interest and value at maturity of a bank term deposit, including the 10% tax on interest income.
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Enter the amount, annual rate and term in months. Interest compounds monthly.
Interest income is taxed at 10% in Romania. Above certain annual thresholds, a health contribution (CASS) may also apply.
Net interest 555.1 RON · Value at maturity 10,555.1 RONStandard financial formulas (time value of money). Instant in-browser calculation, no account, no data sent. Interest rates are indicative — check the bank’s actual offer.
Interest applies to the deposited amount, compounded monthly, and the interest-income tax (10% in Romania) is withheld from the gain:
At 10,000, 6% a year, over 12 months: gross interest ≈ 617, tax ≈ 62, so net interest ≈ 555 and maturity ≈ 10,555.
It is money placed with a bank for a fixed period (e.g. 3, 6 or 12 months) at a set interest rate. At maturity you receive the initial amount plus the net interest.
Interest applies to the deposited amount, usually compounded monthly. At 10,000 with 6% a year over 12 months, gross interest is about 617, from which tax is deducted.
In Romania, interest is taxed at 10% (income tax), withheld by the bank. On 617 gross interest, the tax is about 62, and net interest about 555.
It can be. If total investment income exceeds certain annual thresholds (6, 12 or 24 minimum wages), a 10% CASS is also due. Below the threshold, only the 10% tax is withheld.
The nominal rate is the advertised one. The effective annual rate includes the compounding effect and reflects the real yearly gain. For deposits the two are close.
Yes, it is fixed for the deposit term. In addition, deposits up to EUR 100,000 per customer per bank are guaranteed by the Bank Deposit Guarantee Fund (FGDB).
You usually lose part or all of the accrued interest, receiving only the much lower “sight” rate. Check the early-withdrawal clauses in the contract.
It depends. If the net interest is below the inflation rate, purchasing power falls in real terms. Always compare net interest with the estimated annual inflation.