$10,000 at 5% interest term deposit how much interest
Term Deposit headline interest rates. The interest rates below are available in branch for Term Deposit amounts of $10,000 to less than $2,000,000 and NetBank, our internet banking service for amounts of $5,000 to less than $2,000,000.he interest rates below are for Term Deposit amounts of $5,000 to less than $2,000,000. With simple interest, interest is only paid at the end of a specified term. A term deposit is an example of an account that will earn simple interest not compound interest. If you invested $10,000 at 5% per year, you would earn $2,500 in simple interest after 5 years, $500 for each year.f you invested $10,000 at 5%, you would earn $2,834 in compound interest after 5 years, giving you a total of $12,834. Earn a competitive interest rate for your investment. Interest rates vary depending on the term of your deposit. If you have more than $500,000 to invest or are currently overseas, we have a range of options to help.he interest rates below are for Term Deposit amounts of $5,000 to less than $2,000,000. The compounding effect. If you invested $10,000 at 5% per year, you would earn $2,500 in simple interest after 5 years, $500 for each year. This would give you a total of $12,500 after 5 years.If you invested $10,000 at 5%, you would earn $2,834 in compound interest after 5 years, giving you a total of $12,834.f you invested $10,000 at 5%, you would earn $2,834 in compound interest after 5 years, giving you a total of $12,834. If you pay 30 or 33% tax on your income (you earn over $48,000 a year) and you’ve got $10,000 or more to invest, only want to invest for up to one year and want your interest at maturity, choose the PIE Term Deposit option when you open your account. The interest rate you earn is based on how much you invest and how long you invest for. 2  You can’t add money once the term has started, and you get less interest if you need to withdraw the money early and no interest if you withdraw in the first 30 days. 3  See our current Term Deposit rates. Term Deposits. Potentially earn higher interest than a savings account with a fixed rate of return by investing your money for a set length of time. 1  Interest rates may get better the more you invest and the longer you invest for. 2  Terms from 30 days to 5 years for amounts from $1,000 to $5 million. 3  PIE option available. The interest rate you earn is based on how much you invest and how long you invest for. 2  You can’t add money once the term has started, and you get less interest if you need to withdraw the money early and no interest if you withdraw in the first 30 days. 3  See our current Term Deposit rates. Simple Interest Simple interest is just that and is typically used with savings bonds. It means if you invest $1,000 at 5% interest, at the end of the year you will receive a $50 check. At the end of next year you will receive another $50 check. This will happen every year for the length savings bond term.y year 10 in this example, you are earning $77.57 in interest compared to $50 in the first year. The growth is very gradual at 5%, but with higher returns and longer investment periods the compounding effect is much more dramatic. The interest rates below are for Term Deposit amounts of $5,000 to less than $2,000,000.he interest rates below are for Term Deposit amounts of $5,000 to less than $2,000,000. Simple Interest. Simple interest is just that and is typically used with savings bonds. It means if you invest $1,000 at 5% interest, at the end of the year you will receive a $50 check. At the end of next year you will receive another $50 check.y year 10 in this example, you are earning $77.57 in interest compared to $50 in the first year. The growth is very gradual at 5%, but with higher returns and longer investment periods the compounding effect is much more dramatic. If you roll over your Personal Term Deposit (for the same or a different term) and you hold all of your funds in your new Personal Term Deposit until the maturity date, you will be rewarded with a loyalty bonus-a non-cumulative add-on to the standard Personal Term Deposit interest rate applicable at roll over.+0.10.f you roll over your Personal Term Deposit (for the same or a different term) and you hold all of your funds in your new Personal Term Deposit until the maturity date, you will be rewarded with a loyalty bonus-a non-cumulative add-on to the standard Personal Term Deposit interest rate applicable at roll over. +0.10.
$2,500 in simple interest after 5 years, $500 for each year.