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SALARY SWEEP SAVINGS CALCULATOR

HOW MUCH CAN YOU SAVE?

Pay your salary into your Transact Account, then transfer or "sweep" it into your Home Loan Account for free on WebTransact.

When you need it, transfer the money back into your Transact Account to spend it. It's free, immediate and easy!

Because interest is calculated daily, you can save thousands and pay your bond off quicker! More...

*Assumptions: Nett Salary is paid into Transact Account and transferred into Home Loan Account on 1st of every month.
-Instalment is debited on 1st of every month.
             WITHDRAWALS
    Instalment R
    Day         Amount
Loan amount R R
Loan term in months R
Interest rate (%) R
Nett salary* (Day 1) R R
Try spending different amounts on different days
and see how much you save!
SALARY SWEEP SAVINGS Term (Months)
Interest paid without Salary Sweep R
Interest paid with Salary Sweep - R - 
 
TOTAL INTEREST SAVINGS = R = 
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