Term deposit calculator

Term deposit calculator

How do I use the term deposit calculator?

Fill in the relevant fields with your information and within seconds you'll have the details you need to help you decide which term deposit to choose:

• Deposit amount. This is the amount of money you plan to invest into the term deposit account.
• Term length. Enter the number of months you will be investing for (you can change this to see how it impacts the total interest earned).
• Interest rate. Enter the fixed interest rate for the term deposit you are planning to go with (you can compare term deposits in the table below). Pay attention to the details, as in most cases that amount will be different depending on a number of factors including; the length of terms, how much you invest, and how often you are receiving interest payments.

How can the term deposit calculator help me?

There are a few ways the term deposit calculator can help you make a better decision with your money.

• See your exact return on investment. Because term deposit rates are fixed, you'll be able to see the exact dollar amount of interest you'll earn. This can help you plan and make long-term goals.
• Choose the right term length. By changing the term length in the calculator, you can easily see how the total interest earned changes.
• See how much the rate impacts your investment. If you're investing a large amount of money, the calculator can show you how much extra interest you can earn with a slightly higher rate.

Current term deposit rates

Promoted

Judo Bank Term Deposit

Finder Award

5.25% p.a. for 12 months terms
Terms between 3 months and 5 years
$1000 minimum deposit
0.10% p.a. loyalty bonus when you roll over your term deposit

Promoted

BCU Term Deposit

4% p.a. for 7 month terms
$0 account keeping fees
Terms from one month to three years

Promoted

Newcastle Permanent Term Deposit

4.5% p.a. for 12 month term
$0 account keeping fee
Interest paid on maturity
Small minimum deposit of $1,000

Promoted

Great Southern Bank Term Deposit Account

3.8% p.a. for 5 year terms
Terms from 1 month to 5 years
No account keeping fees
Minimum investment of $5,000 required

1 - 6 of 180

Updated regularly

Name	3 Mths p.a.	4 Mths p.a.	5 Mths p.a.	6 Mths p.a.	7 Mths p.a.	12 Mths p.a.	24 Mths p.a.
Judo Bank Term Deposit Finder Award$1,000 min. deposit	3 Mths p.a. 5.00%	4 Mths p.a. -	5 Mths p.a. -	6 Mths p.a. 5.25%	7 Mths p.a. -	12 Mths p.a. 5.25%	24 Mths p.a. 5.20%	Go to siteMore Info Compare
BCU Term Deposit $1,000 min. deposit$999,999 max. deposit	3 Mths p.a. 4.60%	4 Mths p.a. 3.70%	5 Mths p.a. 3.40%	6 Mths p.a. 4.70%	7 Mths p.a. 4.00%	12 Mths p.a. 4.50%	24 Mths p.a. 4.40%	Go to siteMore Info Compare
ING Term Deposit $10,000 min. deposit	3 Mths p.a. 4.75%	4 Mths p.a. 4.75%	5 Mths p.a. -	6 Mths p.a. 4.85%	7 Mths p.a. 4.65%	12 Mths p.a. 4.90%	24 Mths p.a. 4.50%	Go to siteMore Info Compare
MyState Bank Online Term Deposit $5,000 min. deposit$50,000,000 max. deposit	3 Mths p.a. 2.50%	4 Mths p.a. 4.20%	5 Mths p.a. 4.40%	6 Mths p.a. 4.60%	7 Mths p.a. 3.50%	12 Mths p.a. 5.00%	24 Mths p.a. 3.95%	Go to siteMore Info Compare
Newcastle Permanent Term Deposit $1,000 min. deposit	3 Mths p.a. 3.50%	4 Mths p.a. 3.50%	5 Mths p.a. 3.50%	6 Mths p.a. 4.60%	7 Mths p.a. 3.80%	12 Mths p.a. 4.50%	24 Mths p.a. 4.00%	Go to siteMore Info Compare
Community First Bank Term Deposit $5,000 min. deposit$99,999 max. deposit	3 Mths p.a. 4.30%	4 Mths p.a. 4.30%	5 Mths p.a. 4.30%	6 Mths p.a. 4.45%	7 Mths p.a. 4.45%	12 Mths p.a. 4.70%	24 Mths p.a. 4.75%	Go to siteMore Info Compare

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Frequently asked questions

• Will the amount shown on the calculator be exactly the same as the amount of interest I earn?

  Because of the structure of a term deposit account it should be fairly accurate, although there may be other factors not taken into consideration that could affect the amount of interest paid to you.

• The term I chose is for four years, but that is not given as an option. What should I do?

  The calculator recognises terms in months, so you only need to multiply the number of years by 12. For example, in this case you would choose a 48 month term for four years.

• I want to make at least $500 in interest, how would I figure that out?

  You would have to play with the numbers that you insert into the field, particularly the length of terms as this is the option you have the most control over, until you come out with the earnings you are striving for.

• Can I use this calculator for a regular savings account?

  No, it won't work for a savings account. There are other variables to consider with a typical high interest savings account that are not needed with the term deposit calculator. If you are interested in comparing the interest earning benefits of both types of accounts, you can see a savings account vs term deposit calculator that could help.

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