Savings
Savings Interest Calculator
Calculate compound interest on your savings with Malta's 15% withholding tax.
Savings Details
€
€/mo
0.5%8%
1 year30 years
Final Balance (After Tax)
€24,191
after 5 years
Total Contributions€22,000
Interest Earned (Gross)+€2,578
Withholding Tax (15%)-€387
Net Interest Earned€2,191
Malta Savings Tax
- 15% final withholding tax on interest income
- Tax is deducted at source by the bank
- No need to declare in annual tax return
- Applies to Malta residents