Term deposit calculator
The interest on an amount over a term, at your rate or your deposit’s, against the highest of 72 banks.
The highest 1 year rate on $50,000 on BankMate, Suncorp at 5.75%, pays $375 more over the term.
The highest 1 year rates on $50,000
Each bank’s best rate for 1 year that takes this amount, interest paid at maturity, ranked by the interest over the term.
Ranked on the figures you entered. Not a recommendation: it doesn’t consider your objectives, financial situation or needs.
A rate fixed for a term, and what it pays in dollars. Three minutes.
Why paid monthly usually pays a little less, worked in dollars.
A term deposit against a savings account, over the same months.
Interest is the yearly rate times the share of a year the term runs, on the amount deposited; paid along the way, it isn’t added to the deposit. Breaking a deposit early usually needs 31 days’ notice and reduces the interest. The government guarantees up to $250,000 a person at each bank. Tax isn’t taken off. As of 7 November 2026, the highest 1-year term deposit rate on $50,000 among the 72 banks on BankMate is 5.75% at Suncorp, $2,875 of interest over the year.