# How to Calculate Interest for a Term Deposit Account Interest is normally calculated and posted to an account using a batch process that runs on a regular basis defined by your financial institution. You may use the calculate interest transaction to calculate interest due to a term deposit account as of the current date and between runs of the batch process. *is the above information true?* ### **To calculate interest for a term deposit account** Locate the term deposit account by viewing the client that holds the saving account and clicking on the term deposit account under **Saving Account Overview**. 1. Select **Calculate Interest** from the action bar.\ The interest earned from the date the term deposit was activated until the current date will be calculated and the **Interest Earned** field on the **Summary** tab will be updated. ### Related articles * Page:[Share Accounts](/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/share-accounts.md) * Page:[How to Prepay a Loan Account](/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts/how-to-prepay-a-loan-account.md) * Page:[Using collection sheet or other payment types for making payments](/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts/using-collection-sheet-or-other-payment-types-for-making-payments.md) * Page:[How to Assign a Loan Officer](/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts/how-to-assign-a-loan-officer.md) * Page:[How to Add a Charge to a Loan Account](/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/deposit-accounts/mifos-x-saving-accounts/how-to-add-a-charge-to-a-saving-account.md) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/deposit-accounts/term-deposit-accounts-fixed-deposit-recurring-deposit/how-to-calculate-interest-for-a-term-deposit-account.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.