Fixed Deposit Calculator — Australia
Calculate your fixed-deposit maturity value and interest in AUD at current rates. No signup, no tracking.
Fixed deposit rates in Australia (2026)
Term deposit rates ≈ 4.2–4.8% p.a. for 1-2 year terms. Top rates at Macquarie, Judo Bank, Bank of Sydney. Compare on Canstar, Mozo.
At around 4.5%, the fixed-deposit rate in Australia is around the typical range for developed-market deposits.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every $100,000 deposited at 4.50% for 5 years (quarterly compounding):
- Maturity value: $125,075
- Interest earned: $25,075
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Australia
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
Frequently Asked Questions
How is FD maturity calculated in Australia?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Australia?
As a 2026 reference, fixed-deposit rates are around 4.5% per year, varying by bank and tenure. Term deposit rates ≈ 4.2–4.8% p.a. for 1-2 year terms. Top rates at Macquarie, Judo Bank, Bank of Sydney. Compare on Canstar, Mozo.
Is FD interest taxable in Australia?
In Australia, savings interest is not taxed at a special rate — the ATO adds it to your other income and taxes it at your marginal rate (up to 45% plus the Medicare Levy).
Is a fixed deposit safe in Australia?
Fixed deposits carry no market risk. In Australia, deposits are guaranteed under the Financial Claims Scheme up to A$250,000 per account-holder, per licensed bank. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Australia?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.