Contents.
How to Use the Deposit Calculator
Our deposit calculator is very simple:
- Enter the deposit amount — for example, 10,000 UAH.
- Select the deposit term in months — for example, 12 months (1 year).
The calculator will show the approximate profit (accrued interest) for the entire period. For instance, if you deposit 10,000 UAH for one year at 10%, you’ll earn ~1,000 UAH in interest (plus your principal back). For shorter or longer terms, the sum will change proportionally.
This result is before taxes. Remember, in Ukraine, interest on deposits is taxed: 18% income tax + 5% military levy on the interest amount. The GlobusPlus calculator can immediately account for taxes and show your net income.
Formula for Manual Calculation
To understand how the calculator works, here’s the formula. If the deposit has no capitalization (interest is paid at the end of the term), the calculation is simple:
Profit = Amount × Rate ÷ 100% × Term in months ÷ 12
Example: 10,000 × 10% × (12/12) = 1,000 UAH
For 6 months: 10,000 × 10% × (6/12) = 500 UAH
For 6 months: 10,000 × 10% × (6/12) = 500 UAH
If your deposit has capitalization (monthly interest added to the balance), the formula is different:
Amount × (1 + (rate ÷ 100%) ÷ 12) ^ months – Amount
Let's not complicate things – the calculator does all the math.
For example:
10000 × (1 + 0.1 / 12)^12 – 10000 ≈ 1047 грн
(Slightly more than without capitalization)
Factors Affecting Deposit Profit
Several factors influence your earnings:
- Interest rate. The higher the annual rate, the more you earn. Ukrainian banks currently offer ~8–12% for deposits in UAH. For example, GlobusPlus offers up to 15.5% (at the time of writing).
- Deposit term. Short-term deposits (3–6 months) yield less than annual or long-term ones. Some banks even increase the rate for longer terms.
- Deposit amount. The higher the sum, the greater the absolute profit. 100,000 UAH earns 10× more than 10,000 UAH at the same rate.
- Interest payment type. Monthly payout to your card gives you immediate income, while capitalization increases your total profit slightly through “interest on interest.”
- Taxes. 23% of earned interest goes to the state (income tax + military levy). Banks deduct this automatically. Our calculator can show both gross and net profit.
- Deposit currency. Deposits in UAH have higher rates, while USD/EUR ones are much lower (2–3%). Risks (inflation, exchange rate) differ as well.
How to Choose the Best Deposit
So, you can calculate your income—but how do you choose where to open a deposit account? Here are a few tips:
- Compare rates across different banks. Focus on reliable institutions. A higher rate does not always mean a better choice — check for hidden fees or requirements.
- Look for promotions. Many banks add +0.5–1% for online applications, new clients, or special terms.
- Bank reliability. Your profit means nothing if the bank fails. Deposits are guaranteed in Ukraine by the Deposit Guarantee Fund (currently 100% during martial law, later up to 600,000 UAH).
- Flexibility. Some programs allow topping up or partial early withdrawals. These often come with lower rates, but may be important for you.
- Deposit goal. If you need regular income, choose monthly payouts. If your goal is saving — capitalization works better.
Frequently Asked Questions (FAQ)
Question: Can the calculator take taxes into account?
Answer: Yes, our calculator in GlobusPlus has a “include tax” setting. If you enable it, you will immediately see the “net” profit you will receive (after 18% personal income tax and 5% tax). For approximate estimates, you can subtract 23% from the interest amount yourself.
Question: What is the minimum deposit amount?
Answer: It depends on the bank. In many banks, the minimum is 1,000 UAH.
Question: Which is better: a deposit or a savings account?
Answer: A savings account (accumulative) usually allows you to freely deposit and withdraw money, but the interest rate is lower. A deposit locks your money in for a fixed term, but the interest rate is higher. If you need flexibility, choose a savings account. If you can “freeze” the amount for several months, a deposit is more profitable.
Conclusion
The deposit calculator is a useful tool that helps you estimate profit and compare different deposit options. Consider all factors: rate, term, taxes, and bank reliability. Once you calculate, you can make an informed decision and choose the best option. If you haven’t picked a bank yet, check out GlobusPlus: you can open a deposit online in just a few minutes with some of the best rates on the market. Let your money work for you!
