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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

Deposit amount
$
Interest rate (p.a.)
%
Term (months)
Interest paid
Deposit
Total Interest
Yield Rate
*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 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

1 - 6 of 181
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
Judo Bank logo
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.
5.00%
Go to siteMore Info
Newcastle Permanent Term Deposit
Newcastle Permanent logo
$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.
5.05%
7 Mths p.a.
3.80%
12 Mths p.a.
4.80%
24 Mths p.a.
4.00%
Go to siteMore Info
ING Term Deposit
ING logo
$10,000 min. deposit
3 Mths p.a.
4.90%
4 Mths p.a.
4.90%
5 Mths p.a.
-
6 Mths p.a.
5.10%
7 Mths p.a.
4.65%
12 Mths p.a.
5.10%
24 Mths p.a.
4.60%
Go to siteMore Info
BCU Term Deposit
BCU logo
$1,000 min. deposit$999,999 max. deposit
3 Mths p.a.
4.60%
4 Mths p.a.
5.00%
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
Bankwest Term Deposit
Bankwest logo
$1,000 min. deposit$10,000,000 max. deposit
3 Mths p.a.
3.75%
4 Mths p.a.
3.00%
5 Mths p.a.
3.00%
6 Mths p.a.
4.25%
7 Mths p.a.
4.00%
12 Mths p.a.
5.00%
24 Mths p.a.
4.40%
Go to siteMore Info
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Showing 6 of 18 results

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To make sure you get accurate and helpful information, this guide has been edited by Richard Whitten as part of our fact-checking process.
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Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 656 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
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6 Responses

    Default Gravatar
    CazJuly 19, 2023

    I need to earn the best interest on 1Million for 3 months were would you suggest I do so

    Default Gravatar
    steveMarch 28, 2022

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

      AvatarFinder
      AlisonApril 6, 2022Finder

      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

    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

      AvatarFinder
      MayMarch 2, 2018Finder

      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

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