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.
Term Deposit Calculator
How do I use 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:
- Deposit amount. This is the amount of money you plan to invest into the term deposit account.
- Term length. In this field you will put the number of months you will be investing for.
- Interest rate. Input the listed interest rate for the term deposit you are investigating. 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.
- Fees. This field will be left at zero for most term deposits, but you should always check to ensure that there is no establishment or ongoing fees with the account you are looking into. If there are, you will insert them into the appropriate field that indicates how often they are paid.
Term Deposit Offer

Judo Bank Term Deposit
fixed for 6 months
Term Deposit Offer
Earn a 0.10% p.a. loyalty bonus when you roll over your term.
The Judo Bank Term Deposit term lengths range from six months to five years. Minimum opening deposit is $1,000. No account-keeping or set-up fees to pay.
- Minimum investment: $1,000.00
- Monthly fees: $0.00
Compare term deposits below
Frequently asked questions
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Ask an Expert
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