Fixed Deposit Calculator
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Typical 12-month FD: 14–20% p.a.
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Gross Interest
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WHT Deducted
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Net Interest
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Real Return vs Inflation
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Fixed Deposit: What You Need to Know
🔒 Capital Guaranteed
Your principal is fully guaranteed by NDIC (up to ₦5 million) and returned in full at maturity.
⚠ 10% WHT
Unlike T-Bills, FD interest attracts 10% Withholding Tax in Nigeria. This calculator shows your actual net income after WHT.
📅 Lock-In Period
Funds are locked for the full tenor. Early breakage usually incurs penalty rates. Plan your liquidity needs before committing.
🏢 Compare Banks
FD rates vary significantly across Nigerian banks — from 10% at major tier-1 banks to 20%+ at some finance houses. Shop around.
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