Calculate your way to your savings goals. Whether you’re saving for your next big purchase, a rainy day, or just watching your money tree grow by earning interest, our savings and term deposit calculator can help you do the maths. In just a few clicks (or taps!), we’ll give you an estimate of how much interest you could earn, and how long it could take for you to reach your savings goals.
How to use our savings and term deposit calculator
Let us know where your money will be sitting – either in a savings account or a term deposit. Then enter the dollar amount, the interest rate, and some extra info about your savings plans (such as how long you’re wanting to invest for and if you’ll be making regular deposits), and our savings and term deposit calculator will crunch the numbers for you.
You can use our calculator to weigh up the benefits of both savings accounts and term deposits, to find out how long it’ll take you to save for a specific goal, or simply to see how much interest you’ll earn over a set period of time.
Budget like a boss with mymo
mymo is your personal banking buddy. It’s an app you can use with your P&N Bank accounts to help you budget like a boss.
Link up all your bank accounts to see all your income and expenses at a glance, track your spending, and set up bill reminders. Budget smarter, save more, and waste less.
Other helpful calculators
Planning a budget for yourself, or estimating what you’ll pay in income tax based on how much you earn? We have a range of handy calculators that do the maths, so that you don’t have to.
Budget planner calculator
Having a budget in place can help you stay on track with your savings goals, and it’s simple to create one using this nifty calculator.
Income tax calculator
Our income tax calculator shows how much tax you are expected to pay per week, fortnight, month, or year, based on your gross or net income.
Check out our savings accounts
Looking for an account to keep your hard-earned cash safe? Look no further!
Fixed term deposits
Our fixed term deposit options are oh-so- secure and oh-so-easy to set up.
Your savings/term deposit questions answered
The interest on our savings accounts is calculated on the daily balance and credited on the last day of every month. This means that every deposit you make throughout the month will earn interest from that day onwards.
Bonus interest, if applicable to your account, will also be calculated on your daily balance in line with the bonus interest conditions for your account.
That means by the end of the month, you might have earned a little extra money to treat yourself or give your savings a boost. A mini reward for being a savvy saver!
To be eligible to earn bonus interest on your SwiftSaver Account, you'll need to deposit at least $10 each month and not make any withdrawals.
If you do need to withdraw some money, no worries - you'll have another chance to earn that extra interest next month.
You can close your term deposit account early at any time, but doing so will likely affect the amount of interest you receive.
Further information is available in our Term Deposit Account Terms & Conditions.
Important information
Banking and Credit products issued by Police & Nurses Limited (P&N Bank).
Any information on this website is general and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply.
The results from this calculator should be used as an indication only. Figures provided are for illustrative purposes only and are based on the information provided. Results do not represent a quote or pre qualification for a product. Information such as default figures used in the assumptions are subject to change.
Calculator by Widget Works