Term Deposit Calculator
See how your money grows with a term deposit. Compare different terms, rates, and interest payment frequencies.
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Term deposits lock your money for a fixed period. Unlike savings accounts, you typically can't access funds early without a penalty. Interest rates are usually higher than on-call savings.
Final balance$10,450
Total interest earned$450
Effective annual rate4.50%
Interest earned per month$38
Rates shown are indicative. Check with your bank for current term deposit rates. Interest from term deposits may be subject to PIE tax at your prescribed investor rate (28% or lower).
How it works
Term deposits pay a fixed interest rate for a fixed period (3–24 months). Interest can be paid at maturity or periodically (monthly, quarterly). RWT is deducted at your PIR.