Term Deposit & Savings Calculator
Planning your savings? Whether you have a lump sum to deposit or want to save regularly, our calculator shows how your money grows over time.
What Is
A term deposit locks in a lump sum at a fixed interest rate for a set period. Regular savings plans let you contribute fixed amounts periodically and earn compound interest.
How to Use
- Choose lump-sum deposit or regular savings mode
- Enter the amount you want to deposit or save each period
- Set the annual interest rate and compounding frequency
- Choose the term length in years
- View your maturity amount, total invested, and total interest earned
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Frequently Asked Questions
What is compound interest?
Interest earned on both your principal and previously earned interest — your money grows faster over time.
Are term deposits safe?
Yes, they are considered low-risk savings products, often with government deposit insurance up to a limit.
Can I withdraw early?
Early withdrawal usually incurs a penalty of 0.5-1% of the principal.
How does compounding frequency matter?
More frequent compounding (quarterly vs yearly) means slightly higher returns.
Which is better: lump sum or regular savings?
Lump sum is best when you have a large amount saved up. Regular savings is great for building wealth over time.