Current Deposit Calculator

1. A demand deposit is a type of savings account with no restrictions on deposit or withdrawal dates; funds can be deposited or withdrawn at any time, and there are no limits on the amount.

2. This tool uses the accumulated balance method to calculate interest, which means the account balance is accumulated daily based on the actual number of days, and interest is calculated by multiplying the accumulated balance by the daily interest rate.

3. To calculate, please first select the deposit date, withdrawal date, withdrawal amount, and annual interest rate.

4. Note: The results generated by this tool are for reference only and should not be relied upon as factual evidence. Please refer to actual calculations for accuracy.