Term deposit calculator

This calculator has been designed as a tool to calculate potential earnings by investing in a term deposit for a selected amount of time. It requires you to specify your initial deposit, the term of the investment and an interest rate. The calculations are based on assumptions and are for the purposes of illustration only. They are not forecasts or guaranteed projections but are intended to allow you to make your own projections. The calculator is not intended to be a substitute for professional financial advice. The calculations do not take into consideration any early termination fees, taxation, future inflation or changes to interest rates, legislation or other economic conditions.

The calculator has certain value, term and interest limitations which we believe are reasonable. The calculator will produce an error result if one or more of the variables entered are outside of the minimum or maximum limits. The terms available for selection in this calculator are restricted to terms offered by Macquarie Bank Limited. The calculator assumes that all returns are calculated monthly and interest is paid at maturity of the term that you have specified. The total savings amount shown is the total amount of the investment, including returns, at maturity. The formulae used within this calculator may change without notice.

Any general advice in this material does not take into account your objectives, financial situation or needs. Before acting on any general advice you should consider whether it is appropriate to your situation.

This information is provided by Macquarie Equities Limited ABN 41 002 574 923 (“MEL”), participant of Australian Securities Exchange Group, Australian financial services licence no. 237504, 1 Shelley Street Sydney NSW 2000. MEL may receive remuneration from the issue of the financial products referred to in this advice in the form of fees or commissions which are disclosed in more detail in MEL’s Financial Services Guide. MEL is not an authorised deposit taking institution for the purposes of the Banking Act 1959 (Cth). MEL’s obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MEL, unless noted otherwise.

*Interest rates are subject to change without notice.

Macquarie Bank Term Deposits are issued by Macquarie Bank Limited ABN 46 008 583 542 (MBL), Australian Financial Services License No. 237502. Fees and charges may be payable. Terms and conditions are available upon request.