This straightforward tool is designed to calculate, for illustration and comparison only, the return that a client would make on a deposit within a Cater Allen account or Term Deposit based on today’s interest rate.
The results are for guide purposes only and are not a quotation; please remember that interest rates on Cater Allen accounts are variable and hence today’s interest rate is not necessarily the rate that will continue to be applied to the account, also that the interest rate applied to a Cater Allen Term Deposit is fixed only on the day the deposit is made.
The results generated are displayed at the gross rate before tax is deducted at the applicable rate. The calculator also assumes that no withdrawals are made from the account.
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AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.