Compound Interest Calculator

Compound interest calculator will help you to ascertain how much you are required to deposit in order to reach your earning goals. To find out the right information you need to add these details so that you can decide which term deposit to choose. Firstly, enter the amount of money you are planning to invest in the term deposit account. Next, you have to do is you have to enter the number of months you’ll be investing in.

Term Deposit FAQs

Can I break the Term Deposit early?

An administration fee of $30 will be charged and the money withdrawn early will incur an interest rate reduction based on the percentage of the original term that has elapsed. Refer to your Terms & Conditions and your Record of Investment for details as to the interest rate reductions that apply.

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A term deposit better than a savings account?

Yes, if you do not need to use these funds for a period of time. The interest rate on term deposits is higher than the interest paid on a savings account. Interest rates are market-driven and are typically guaranteed for a specific period of time, thereby maximizing your interest earnings.