Investing your money into a term deposit is a safe and effective savings strategy. This calculator is designed to help you achieve your savings goal faster. See how fast your savings can grow with a fixed interest rate.
|Total Interest Earned||$1,500|
You can get more info and a detailed interest schedule for each account. Click on the account name to see more detail.
We've found a range of term deposits that match your criteria:
Use RateCity’s free online Term Deposit Calculator to calculate the return on your fixed investment.
Get the security of a fixed rate of return. Below are some features to consider which may affect your interest earnings:
Interest Paid – Is your interest paid monthly, quarterly, semi-annually, annually or on maturity? Your final balance at the end of the term can vary depending on the frequency that interest is calculated and calculated into your account. Our term deposit calculator will take into account the frequency of interest payments when a real product is selected from the table.
Nominal and Effective interest rates – How are they calculated? The nominal rate is the advertised interest rate, whereas the effective rate is the potential interest rate including compounding effect of payment frequency based on a 12 month term. The more frequent interest payments are, the higher the effective rate relative to the nominal rate, as regular interest payments are either compounded into the term deposit, or have the ability to be reinvested elsewhere.
The final balance of your term deposit will differ depending on how interest is calculated and paid into your account. Use our term deposit calculator to find a strategy that will maximize your cash flow and nest egg.
RateCity's Term Deposits Guide provides you with the latest information to assist you with your decision of what Term Deposit account will best suit your investment needs. It also holds a range of useful advice to help make informed decisions.
Looking to invest your money for an extended period or maybe it's only 30 days. Whatever your needs, there are a range of products to compare from. RateCity is here to help you make an informed decision, so why not start today.