How much interest you can earn from bank term deposits?
This free term deposit calculator will show you how much interest you can get from a fixed term deposit.
In addition, you can use this calculator to compare bank term deposits with different term deposit interest rates and terms to see which is the best term deposit. For example, a Westpac 3 months 8% interest rate term deposit or an ANZ 1 year 6.8% interest rate term deposit.
This term deposit calculator also shows you how much interest the same amount money can earn under different term deposit interest rates and deposit terms, for example, 3, 6, 9 months or 1 to 8 years. You can change the interest rate, money to deposit, and how long you want to deposit with the banks.
Here is a screen shot that will give you a better idea that what you need to do and how this free Term Deposit Calculator can help you.
This calculator is built in Microsoft Excel worksheet. You need to have Microsoft Excel 2007 & above and Microsoft Windows to use it. You may be able to use the calculator with other applications that can open and read XLS spreadsheets, but this has not been tested.
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