Main advantages of this deposit calculator:
- Both interest income and withholded tax are automatically calculated. While tax calculation the actual revision of Russian Tax Code and Central Bank refinancing rate are taken as of income accrual date.
- Daily currency rate updates enable auto convertion from foreign currency to russian rubles
- 10 different interest accrual methods are supported (with or without compouding)
- Fixed and floating interest rate are supported
- Option to use working calendar to define bank's days off
- Support of prolongation and any number of deposit's additions and partial withdrawals
- Checks for user data correction and validity
- Depending on tax resident status the right tax rate are automatically chosen
- The effective interest rate is calculated and may differ from the nominal rate because of compounding and tax withholding. This rate is useful in a comparison of two or more deposits
- Option to download the calculation in MS Excel format