Term deposit calculator
Use our term deposit calculator to see how much interest you can earn. Plus, compare current rates for term deposits.
Term deposit calculator
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.
Current term deposit rates

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

$0 Account keeping fee
Interest paid on maturity
Up to $5,000,000 can be invested
Frequently asked questions
More guides on Finder
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Challenger Term Deposit
Earn a competitive interest rate on terms between 1 month and 2 years with a Challenger term deposit.
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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.
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MOVE Bank Term Deposit
With competitive interest rates and terms ranging from 3 to 24 months, a MOVE Bank Term Deposit can help you reach your financial goals.
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BankVic Term Deposit
Passively watch as your money grows in a high interest earning term deposit from BankVic
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P&N Term Deposit
A variety of terms to choose from along with interest payment options make the P&N Bank Term Deposits worth a closer look.
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ING SMSF Term Deposit
Take control of your super with a flexible account that allows you to manage all of your needs in one convenient place.
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Teachers Mutual Bank Term Deposit
Give your money the benefit of a high interest savings account boost with a flexible term deposit that allows you to structure the terms to meet your needs.
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Rural Bank Term Deposit
You can grow your savings quickly and easily by locking them into a term deposit from Rural Bank.
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IMB Term Deposit
With its relatively low opening balance, IMB’s term deposit could make it easy for Australians to begin making a positive investment towards their financial future.
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Bendigo Bank term deposit (under $5000)
Bendigo Bank term deposits can give you easy means to save for a short or long term goal. Though, you can find other similar offerings out there, so compare a few before deciding.
Ask an Expert
I need to earn the best interest on 1Million for 3 months were would you suggest I do so
Hi Caz, you can compare current term deposit rates here: https://www.finder.com.au/term-deposits
i put $5000 in a fixed term deposit with com bank in 1980
what would the value be now?
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
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. 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