Term deposit calculator
Find how much interest income you can earn from your term deposit
This term deposit calculator helps you estimate the interest income you can earn over your chosen deposit period. By entering the deposit amount, term length, interest rate, and optional monthly contributions starting from the second month, you’ll get a detailed breakdown of your total earnings including the principal, contributions, and accrued interest. Use this tool to plan your savings effectively and see how your money grows with different deposit terms and replenishment options.
Days in a month: 30
Days a year: 365
Contributions: from the 1st of the 2nd month
Deposit amount
5 000,00
Total contributions
0,00
Total deposit at end of term
5 000,00
Total income
150,00
Amount to issue (deposit + %)
5 150,00
Detailed calculation
Total income of the deposit amount
150,00
Total income of all contributions
0,00
Total income: deposit amount + contributions
150,00
Indicative working
Month
Deposit
Income
Total
1
5 000,00
12,33
5 012,33
2
5 000,00
12,33
5 012,33
3
5 000,00
12,33
5 012,33
4
5 000,00
12,33
5 012,33
5
5 000,00
12,33
5 012,33
6
5 000,00
12,33
5 012,33
7
5 000,00
12,33
5 012,33
8
5 000,00
12,33
5 012,33
9
5 000,00
12,33
5 012,33
10
5 000,00
12,33
5 012,33
11
5 000,00
12,33
5 012,33
12
5 000,00
12,33
5 012,33
Term Deposit Calculation Analysis
Your initial deposit of 5 000,00 Australian dollars forms the base of your investment. Over the term of 12 months at an annual interest rate of 3%, your contributions totaling 0,00 add to this principal. At maturity, the total deposit amount will be 5 000,00, including all interest accrued.
Income and Taxation
Your total interest income before tax is 150,00 AUD. After applying tax deductions, your expected net income is 150,00 AUD. The total income including contributions and interest will be 5 150,00 AUD.
Monthly Breakdown
Monthly income excluding additional contributions is approximately 150,00 AUD. Contributions starting from the second month add to the growth of your deposit.
Detailed Schedule
Below is a month-by-month breakdown of your deposit principal, earned interest, and total value. This detailed view can help you monitor your investment progress and understand how monthly contributions influence your final returns.
Recommendations
- Consider making regular contributions if your budget allows; this can significantly increase your final return.
- Keep an eye on the tax implications of your interest income; tax rates can affect your net earnings.
- Review the term length and interest rate offers regularly to ensure you are maximizing your income potential.
- If your investment horizon changes, consult with your bank about options to adjust your deposit term or access funds without penalties.
Use this analysis to make informed decisions and optimize your savings with your term deposit.
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