Factory Interest Calculator Module helps users to count the rates for Term Bank Deposits or Savings Account (deposit). For certain deposits users can count exactly the final interest which will be received by the deposit holder.

The number of decimals can be also set in the module administration.

 

Factory Interest Calculator Module helps users to count the rates for Term Bank Deposit or Savings Account.

Here are the available entry fields:

  • Initial Amount Deposit
  • Annual percentage Rate %
  • Deposit period in months
  • Redraw Bank Commission %
  • Other Bank Fees
  • Tax %

The Module calculates automatically:

  • Interest
  • Tax
  • Other Bank Fees
  • Redraw Bank Commission
  • Winnings
  • Total Amount