Term Deposit Calculator

Calculate your repayments & total interest under different fixed & variable rate scenarios.


Term Deposit Calculator FAQs

Term deposit interest is calculated using the interest rate, the amount of savings invested and the term of the deposit. Term deposit interest is fixed for the term of the deposit. Term deposit interest can be taken as regular income or reinvested to grow your principal deposit amount.

Term deposit interest is compound interest if you choose to reinvest your interest payments back into your term deposit. Term deposit interest is simple interest if you take your interest earned as payments, or withdrawals, from your term deposit into your savings or transaction banking account. Compound interest is interest earned on interest already earned, thereby compounding your savings.

Choosing to have your term deposit interest paid monthly, quarterly or even annually can make a big differrence to the final savings outcome at the the end of the term deposit. Generally speaking, the more often your interest is paid, the better. This is because you then have the opportunity to reinvest the interest and begin the compound interest cycle.

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