Compare Interest on Savings Accounts Calculator
The Compare Interest on Savings Accounts Calculator estimates a loan and interest estimate for your scenario from the quantities, rates, period, units and other assumptions requested on the page. Replace the example values with your own interest on savings accounts figures and recalculate after changing an assumption. Use it to compare scenarios, then verify any current rate or fee before acting.
Compare net interest earnings after tax from 3 deposit account type
Frequently asked questions
What's the difference between a savings account and a deposit account?
Savings accounts can be withdrawn at any time but with lower interest rates (about 0.5-1.5% per year). Regular deposit accounts have to be deposited for a certain period (3, 6, 12 months) and pay higher interest rates (1.5-3% per year).
How much is the interest on the deposit tax deductible?
Interest on deposits in Thailand is tax deductible at the time of payment 15% immediately except for savings accounts that earn interest not exceeding 20,000 baht per year are exempt (for individual taxpayers).
What is a money market account?
Money market accounts are a type of deposit account that gives higher interest than savings but lower than regular deposits. Some banks set minimum deposit amounts. They have more flexibility in withdrawals than regular deposits. They are suitable for those who want better returns but still need liquidity.
What is compound interest?
Interest calculated from principal plus accumulated interest makes money grow faster than ordinary interest. Formula: A = P(1+r/n)^(nt) where P=principal, r=interest rate, n=multiplications per year, t=number of years
What is the rule 72 used to calculate?
Use an estimate of the number of years that money will increase in 2 times: Number of years = 72 ÷ interest rate. For example, interest 6% per year money will be 2 times in 72÷6 = 12 years A simple rule for financial planning
What is the current interest rate on savings deposits in Thailand?
General savings are at 0.5-1.0% per year Regular deposits are at 12 months at 1.5-2.5% per year Special savings accounts are at 1.5-3% Check current rate from Bank of Thailand bot. or. th
Is interest on deposits taxable?
Yes, interest on bank deposits is tax deductible at the point of payment 15% by the bank except interest on savings deposits not exceeding 20,000 baht per year combined on all accounts can be claimed back or credited with tax at the end of the year.
English calculator guide
How to use the Compare Interest on Savings Accounts Calculator
Use this page to test a specific interest on savings accounts scenario. Enter your own values in the calculator above, review the units beside each field, and recalculate after changing an assumption. The result updates the compare interest on savings accounts estimate instead of relying on a generic example.
- Build a baseline interest on savings accounts case with figures that match your situation.
- Run a second interest on savings accounts case after changing the rate, period, quantity or other key assumption.
- Record the difference between the two interest on savings accounts results and the input responsible for it.
Inputs for the interest on savings accounts estimate
For this interest on savings accounts calculation, check the quantities, rates, period, units and other assumptions requested on the page. The result is designed to show a loan and interest estimate for your scenario, not a guaranteed provider price or official decision.
How the interest on savings accounts result is calculated
The calculator models principal, interest, repayment timing and term using the assumptions shown on the page. Reusing the same interest on savings accounts inputs will produce the same estimate, which makes the page suitable for controlled scenario comparisons.
Checks for a interest on savings accounts decision
Confirm any current rate, threshold or provider rule that could change the final amount. For interest on savings accounts, Use the estimate to plan a household or service cost. Actual charges can differ because of provider tariffs, minimum fees, taxes, location and billing-period adjustments. Check the important inputs and any current provider or authority rules before using the result for a decision.
- Language QA
- Terminology, numeric values and calculator controls checked
- Calculator scope
- Loan and interest
- Last English review
- 26 July 2026