NSB Fixed Deposit Rates Calculator
Estimate your maturity returns and wealth growth with precision.
Understanding the NSB Fixed Deposit Mechanism
The National Savings Bank (NSB) offers some of the most secure fixed deposit options for savers looking for guaranteed growth. When you place a deposit, the "Annual Yield Rate" determines how much your capital will expand over the chosen period. Unlike volatile markets, these rates are fixed at the inception of the contract.
How to Use the NSB Rates Calculator
To get an accurate projection of your savings growth, follow these steps:
- Initial Deposit: Enter the total amount you intend to lock into the fixed deposit account.
- Annual Yield Rate: Input the current percentage offered by the bank for your specific duration.
- Investment Duration: Specify how many months you plan to keep the funds deposited.
- Return Payout Frequency: Choose how often the earnings should be calculated. "At Maturity" provides a simple growth calculation, while "Monthly" or "Quarterly" reflects a compound growth pattern if returns are reinvested.
Example Calculation
If you deposit 500,000 LKR for a duration of 24 months at an Annual Yield Rate of 10% with an "At Maturity" payout, the calculation is as follows:
Calculation: 500,000 + (500,000 * 0.10 * 2) = 600,000 LKR.
In this scenario, your total yield earned is 100,000 LKR over the two-year period.
Why Choose NSB for Fixed Deposits?
Fixed deposits at NSB are backed by the government, making them a "zero-risk" investment for many Sri Lankans. This calculator helps you compare different durations (such as 1 month, 3 months, 12 months, or 60 months) to see which yield tier provides the best return for your financial goals. Note that tax on earnings may apply based on current local regulations.