This calculator will help you to compare yields on term deposits with different interest rates, terms and frequencies at which interest is paid.
Note: it is only possible to calculate a yield where the term (the length of the term deposit, divided by the frequency at which interest is paid) is a whole number. For example, it is possible to calculate a yield for a term deposit where interest is paid quarterly and the term is one year, but it is not possible to calculate a yield for a nine month term deposit with interest paid every six months.
With the deposit being one of the heaviest one-off payments you will make towards your first home or investment property, could purchasing fractions of a property help you get there quicker?
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