Whether you're stashing cash for a big purchase, building up your rainy day fund, or just want to see how your savings could grow, our savings and term deposit calculator has got your back. All you have to do is provide some basic information about your savings plan, and we'll provide you with an estimate of how much interest you could earn and how long it could take to reach your savings goal.
Discover our range of savings accounts
Bonus Saver
Give your savings a lift and earn bonus interest for the first four months.
Up to
Total variable rate for first 4 months¹
Boss Saver
Be rewarded and earn bonus interest on your savings each month when you meet the eligibility criteria.
Earn
Standard + bonus variable rate²
Power Saver
Top up your balance, skip the withdrawals – and get rewarded with bonus interest.
Up to
Standard + bonus variable rate³
How to use our savings and term deposit calculator
First, let us know where you'll be keeping your money – in a savings account or a term deposit. Then enter the amount, interest rate, and some details about your savings plan (like how long you're looking to leave it there for and if you'll be making any regular deposits). Our savings and term deposit calculator will do the maths for you, so you can focus on more important things – like saving money.
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Got a question about savings accounts or term deposits?
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.
At the time of opening your term deposit account, you set instructions for what you want us to do with your deposit and interest when it matures.
When your term deposit is due to mature you can explore your options to:
- add some funds to your term deposit,
- transfer funds to another nominated account,
- renew your term deposit for a new term,
- change your interest payment instructions, or
- a combination of these options.
You can also choose to leave your money – and the interest you've earned – in the same term deposit (it’s what we call a rollover).
Your instructions can be provided any time up to your term deposit maturity date, or within the seven-day grace period following the account maturity.
View the Term Deposit Account Terms & Conditions for more information about rollovers.
The interest on a savings accounts is calculated on your daily balance and is credited to your account 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.
If you’re new to BCU Bank you can easily open an account online in a matter of minutes.
You’ll need to:
- Be at least 18 years old
- Be an Australian resident – you must live in Australia with an Australian residential address
- Be applying as an individual (not a business or association)
- Have two forms of ID from the following:
- NSW or QLD driver licence
- Australian passport
- Green Medicare card
You can open most of our everyday and savings accounts online, and from there you'll also be able to open a term deposit from internet banking or the mobile app.
If you already bank with us – great choice! You can open most deposit accounts in your name online by going to ‘Apply’ in internet banking or ‘Open account’ in the mobile app.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Eligibility criteria, terms and conditions, fees and 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
1. Bonus Saver
An introductory bonus rate will apply on balances up to $5m per account for the first 4 months, in addition to the standard rate from the account opening date. At the end of the introductory period the standard interest rate at that time will apply.
A customer may hold a maximum of one Bonus Saver Account as a single account holder and one Bonus Saver Account as a joint account holder. You may apply to open a Bonus Saver Account 12 months from the date of closing any previously owned Bonus Saver Account as a single or joint account holder.
2. Boss Saver
Bonus interest payable on balances up to $100,000 when during the calendar month:
- at least $500 from an external account is deposited (excluding ATM withdrawals, balance enquiries and transfers, direct debits, Bank@Post™ transactions and BPAY payments and uncleared transactions) into your BCU Access Account(s); and
- you make at least 5 eligible Visa card transactions (excluding ATM withdrawals, balance enquiries and transfers, direct debits, Bank@Post™ transactions and BPAY payments and uncleared transactions) from a linked BCU Access Account.
Standard rate applies if conditions not met. Interest applies to Boss Saver Account balance only, Access Account balance not included.
You may hold a maximum of one Boss Saver Account only, either as a single account holder or joint account holder.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.
Bank@Post is an agency service provided by Australia Post on behalf of over 80 financial institutions.
Bank@Post™ deposits and withdrawals are available only with a BCU VISA Card. Cheques must be made out in the name of the cardholder to be accepted at.
Bank@Post™ and require a minimum of 7 business days for clearance.
3. Power Saver
Bonus interest applied when minimum $100 deposited and no withdrawals are made from the account during the calendar month. Standard interest applies if the bonus interest conditions aren’t met and on balances exceeding $250,000.
Customers can hold up to three Power Saver accounts in total, whether held in single or joint names.