The rate of interest is fixed for the term of your term deposit. We will tell you the annual interest rate for the particular term that you have chosen when you establish a term deposit. Interest is not compounded (that is, it is not added to the initial balance of the account). We use the daily periodic rate to calculate the interest on your account. The daily periodic rate is the annual interest rate fixed for the term of your deposit divided by 365, even in leap years.
The formula to calculate the interest of bitcoin term deposit is as below:
Earned interest = Initial term deposit balance X annual interest rate for this term deposit/365 X total days of the term