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Term Deposit Calculator

Term deposits are a popular and secure investment for your money. A term deposit is a deposit account held by a bank for a predetermined, fixed period decided upon by the depositor. During this time, the customer cannot withdraw money from the deposit account without incurring a fee for early withdrawal. Term deposits enable consumers to secure higher interest rates on their investments, and are a great solution for people who do not need immediate access to their money. Interest is assessed daily, making this a smart short or long-term investment for consumers

The term deposit calculator on this page will help you identify how much interest you will earn monthly and annually on your term deposit account. You can also see the percent yield for the year and month. To use the term deposit calculator, enter the deposit amount, interest rate, and investment term (in months). The calculator will then reveal the total interest and percentage yield per annum and month.

Tip: try varying the deposit amount, interest rate and investment term to see how much interest you can earn with a bigger deposit, more favorable rates or a longer term.


Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a product.

Money-Saving Tip

  • Invest money in a term deposit account to supercharge your savings. Terms range from as little as 8 days to five years, and offer competitive interest rates compared with savings accounts. With interest calculated daily and no up-front or account-keeping fees, term deposit accounts can help you earn more interest on your money.
  • Do not deposit money into a term deposit account if you anticipate needing the funds prior to the term maturation date. Withdrawing money early can result in costly fees.
  • Compare interest rates and periods on term deposits from various lenders to ensure you get the best deal.

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Unfortunately, we are unable to assist you.

You need to have over $7,000 in unsecured debt to apply.
For further assistance we recommend you:

  • Speak to your Creditors
  • Call AFSA on 1300 364 795
  • Speak with a Financial Counsellor
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  1. Credit cards, store cards and personal loans are types of unsecured debts. Mortgages and car loans are not.
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Australian residents only.

  1. Credit cards, store cards and personal loans are types of unsecured debts. Mortgages and car loans are not.