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Term deposit calculator

Use our term deposit calculator to see how much interest you can earn based on the term length of your choice. Plus, compare current rates for term deposits here too.

How much could you earn?Go to calculator
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Shirley Liu
Updated
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You can use the comparison table below to see the different term deposit rates available right now with different banks. This will help you when using the calculator, which you'll see by scrolling down under the comparison table.
Updated regularly
1 - 10 of 94
Updated regularly
Name Product 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.
MyState Bank Online Term Deposit
MyState Bank Online Term Deposit
1.00%
1.30%
2.00%
1.75%
2.15%
3.05%
3.35%
Single or joint account-holders can apply online with MyState's online application process.
Pay no account setup or ongoing fees and choose a term length between 3 months and 2 years, with interest paid at maturity.
Go to site
More Info
Rabobank Term Deposit
Rabobank Term Deposit
0.85%
-
-
2.10%
-
3.00%
3.30%
Suited to customers with deposits between $1,000 and $2,000,000.
With a Rabobank Term Deposit you will receive a competitive rate on your deposits and the choice of a 1, 3, 6, 9 or 12 month term.
Go to site
More Info
Citibank Term Deposit $10,000
Citibank Term Deposit $10,000
1.00%
-
-
1.50%
-
2.25%
-
Suited to customers with deposits between $10,000 and $249,999.
This term deposit is for new Citi customers only
Go to site
More Info
Great Southern Bank Term Deposit Account
Great Southern Bank Term Deposit Account
1.25%
0.50%
0.50%
2.00%
0.55%
3.00%
3.40%
No account set-up fees or ongoing fees to pay.
The Great Southern Bank Term Deposit offers a large range of term lengths from 1 month to five years. Minimum opening deposit is $5,000.
More Info
Bank of Sydney Term Deposit Online Exclusive - $1,000-$500,000
Bank of Sydney Term Deposit Online Exclusive - $1,000-$500,000
1.45%
1.35%
1.45%
1.90%
1.75%
2.15%
-
$0 monthly account keeping fees.
The Online Exclusive Term Deposit by Bank of Sydney offers term lengths from 1 month to 13 months. Withdraw funds before maturity without notice (fees apply).
More Info
Illawarra Credit Union Term Deposit $25,000+
Illawarra Credit Union Term Deposit $25,000+
-
-
-
-
-
3.15%
3.60%
Limited-time fixed rate offer for customers with deposits of $25,000+.
You can choose between a term length of 1 or 2 years with this term deposit offer.
More Info
Judo Bank Term Deposit
Finder Award
Judo Bank Term Deposit
1.15%
-
-
1.85%
-
3.15%
3.75%
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.
More Info
Macquarie Bank Term Deposit
Macquarie Bank Term Deposit
1.25%
1.25%
-
1.90%
-
2.75%
3.30%
Lock in an interest rate for up to 5 years with a Macquarie Bank Term Deposit.
This account is available to personal customers, as well as business customers and trustees.
More Info
Bank of Queensland Term Deposit ($5,000 - $249,999)
Bank of Queensland Term Deposit ($5,000 - $249,999)
1.25%
0.10%
0.10%
2.00%
2.50%
2.75%
3.00%
More Info
ME Term Deposit
ME Term Deposit
1.50%
0.40%
0.40%
2.50%
1.10%
3.00%
3.25%
You can link the ME Term Deposit with the transaction account of your choice, at any other Australian financial institution.
Choose whether to have interest paid annually, monthly or at maturity.
More Info
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Term deposit calculator

*Whilst every effort has been made to ensure the accuracy of this calculator, the results should only be used as an indication. They are neither a recommendation nor an eligibility test for any product and should not be construed as financial advice, investment advice or any other sort of advice.

How do I use the term deposit calculator?

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:

  • 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 above). 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.

Frequently asked questions

The latest in banking and investments

Thinking of opening a term deposit this year? 3 things to consider first

Thinking of opening a term deposit this year? 3 things to consider first

Term deposits have many benefits, but there are also a few things to be aware of.

Read more…
Illawarra Credit Union Term Deposit $25,000+

Illawarra Credit Union Term Deposit $25,000+

Earn a special fixed interest rate for terms of 1 or 2 years in length when you invest at least $25,000.

Read more…
Gateway Bank term deposit

Gateway Bank term deposit

Earn a fixed interest rate on a wide choice of terms with a Gateway Bank personal term deposit.

Read more…
Coronavirus and share market crash: Is it time to open a term deposit?

Coronavirus and share market crash: Is it time to open a term deposit?

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.

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Citibank Term Deposit $10K

Citibank Term Deposit $10K

Earn a competitive fixed interest rate on Citibank term deposit when you invest $10,000 or more.

Read more…
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More guides on Finder

  • Illawarra Credit Union Term Deposit $25,000+

    Earn a special fixed interest rate for terms of 1 or 2 years in length when you invest at least $25,000.

  • Gateway Bank term deposit

    Earn a fixed interest rate on a wide choice of terms with a Gateway Bank personal term deposit.

  • Citibank Term Deposit $10K

    Earn a competitive fixed interest rate on Citibank term deposit when you invest $10,000 or more.

  • Judo Bank Term Deposit

    Earn a competitive interest rate plus bonus interest when you roll over your deposit into a new term deposit. Terms from 3 months to 5 years. No fees.

  • ANZ Business Notice Term Deposit

    This account offers fixed interest rates for terms ranging from one month to five years, so you can enjoy secure, guaranteed returns on your business funds.

  • RACQ Bank Term Deposit

    Choose a term from one month to five years and earn a competitive, fixed interest rate on your deposit. This account is for Queenslanders only.

  • Locked savings accounts

    If you struggle to save, you could benefit from a savings account that won’t allow you to withdraw funds.

  • Paying tax on term deposit interest

    Find out all about the tax treatment of term deposit interest payments.

  • AMP Bank term deposit $100,000+

    Earn a competitive interest rate on deposits over $100,000 and enjoy flexible term lengths with the AMP Bank term deposit.

  • AMP Bank term deposit $25,000+

    With high interest rates offered in a variety of different terms, the AMP term deposit could be ideal for both short and long term saving goals.

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    4 Responses

    1. Default Gravatar
      steveMarch 28, 2022

      i put $5000 in a fixed term deposit with com bank in 1980
      what would the value be now?

      Reply
      • Avatarfinder Customer Care
        AlisonApril 6, 2022Staff

        Hi Steve,

        We’d suggest you get in touch with CommBank directly to speak about your term deposit account. Term deposits usually are opened for a maximum period of 5 years, after this, they may roll over into another term of the same length but with the current interest rate. Interest rates have changed a lot since 1980, so the rate that you were getting when you first opened the account wouldn’t be what you’re getting now.

        I’d recommend speaking with CommBank directly.

        Thanks,
        Alison

        Reply
    2. Default Gravatar
      JohnFebruary 10, 2018

      I will soon be investing $98000.00. Where can I find the best term deposit with no fees for 24 months. Thanks

      Reply
      • Avatarfinder Customer Care
        MayMarch 2, 2018Staff

        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. 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. When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

        Cheers,
        May

        Reply
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