Term Deposit Calculator

This calculator helps you model the following

1

Identify the amount of interest you’ll earn on your savings over a specific period of time, which will help you plan for the future.

2

Compare multiple interest rates and term deposits to find the most lucrative option for your needs.

3

Predict how long it will take you to reach a specific savings goal (for example, a wedding or a holiday).

Instructions

1. Enter your starting balance in the first box.
2. Enter your interest rate in the second box.
3. Using the drop-down menu, select the compound frequency (monthly or yearly).
4. In the final box, enter the number of years you expect to hold the term deposit.

Term Deposit Calculator