The offers that appear on this site are from companies that compensate us. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.īankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Term deposits allow you to automatically roll your money into a new term as the old term matures, helping you build reliable and secure investment income on your terms.We are an independent, advertising-supported comparison service. deposited for 36 months, you can expect to make $1,133 in interest income if paid at maturity. For example, for a balance of $50,000 at 0.75% p.a. If you’re looking for a secure investment option to help you save for a property or other large asset, a term deposit can help you manage your money until you’re ready to use it and make you a little income at the same time.

Term deposits can be great ways to store wealth and still make your money work for you. Use our online term deposit calculator to discover how much income you could make from a term deposit with MyState. In return, you receive a fixed rate of interest for the term of that deposit, paid at maturity or throughout the term of the investment, depending on the terms and conditions of your agreement. It works like a savings account only you are not able to access your cash investment until the term matures unless you seek and your financial institution agree to break the term deposit agreement (financial penalties apply). As an investor, you choose the term of the deposit with MyState and deposit a cash amount, usually of $5,000 or more into a dedicated account. Term deposits are a form of cash investment.

Td bank term deposit rates