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A term deposit is a type of high interest savings account that is closed for withdrawals or deposits for the length of time that you choose. Interest is calculated at a fixed rate, and any payments made while the term is in place made to a separate account, allowing you to know precisely how much you will earn based on your deposit amount.
If you have a particular goal in mind that you are trying to reach, a term deposit calculator can help you determine how much you need to deposit and for how long the terms should be in order to reach that goal. Being that the rates are fixed, and not subject to change while your money is invested, it is easy to determine how much interest you will earn by using the term deposit calculator.
With the right information in front of you, it should be easy for you to use the term deposit calculator to determine how much interest you will earn, or how much you need to deposit in order to reach your earning goal. Fill in the relevant fields with the correct information and within seconds you will have the details you need to help you decide which term deposit to choose:
fixed for 6 months
Earn a 0.10% p.a. loyalty bonus when you roll over your term.
The Judo Bank Term Deposit term lengths range from three months to five years. Minimum opening deposit is $1,000. No account-keeping or set-up fees to pay.
Earn a fixed interest rate on a wide choice of terms with a Gateway Bank personal term deposit.
Read more…While the stock market continues to fall and recession fears ramp up, we're seeing term deposit rates increase for the first time in years.
Read more…Earn a competitive fixed interest rate on a 3 or 6 month Citibank term deposit when you invest $10,000 or more.
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Read more…SPONSORED: There are plenty of ways to maximise your term deposit rate and get yourself a better return, even in this low-rate environment. Â
Read more…Business bank Tyro has launched the pilot business term deposit today to existing customers with 30-, 60- or 90-day terms available initially.Â
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I will soon be investing $98000.00. Where can I find the best term deposit with no fees for 24 months. Thanks
Hi John,
Thanks for your inquiry.
Sorry for the delayed reply. Usually, term deposit accounts do not charge a fee, but some banks may charge fees. You can compare your term deposit options on this page. I would suggest that you play with the calculator on top of the table on that page by entering your deposit and term of investment to be able to compare the results.
When choosing an account, it’s ways best to consider some factors like interest rates on the term deposit, what happens if you break the term of your deposit, any ongoing fees that may apply, etc.
Cheers,
May