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 calculator assumes that all returns are calculated monthly and interest is paid at maturity of the term that you have specified. 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.