Money
Fixed deposits
Fixed deposits tracks term deposits and works out what each one will be worth at maturity. It shows whether a deposit is still running or has matured.
Fixed deposits is off by default. Turn it on in Settings under Features, and Fixed Deposits appears in the sidebar.
Add a deposit
- Enter the bank name, the amount, the interest rate, the start date and the currency.
- Set the length either as a tenure in years or as an end date. Change one and FinTarget updates the other. Changing the start date moves the end date and keeps the tenure.
- Add notes if you want them. You can also override the maturity amount with the figure from your bank.
Maturity amount
If you enter a maturity amount, FinTarget uses it. Otherwise it compounds the principal once a year over the tenure.
10,000 at 5% for 2 years matures at 11,025.00.
- Active means the end date is today or in the future.
- Matured means the end date has passed.
Troubleshooting
| Symptom | Likely fix |
|---|---|
| The maturity amount differs from my bank | Likely fixYour bank may compound monthly or pay simple interest. Enter the bank’s figure as the maturity amount. |
Related
- Analytics. See how your assets fit together over time.