Integer | The Salary Sweep - A Savings example

Assumptions Bond size Interest rate Monthly instalment Term Monthly nett salary	R1 000 000 12% R11 010.86 240 months R30 000
You save R89 509 in interest savings over the life of the bond. You pay your bond off 8 months earlier! This is equivalent to an interest rate of 11.46%
Save even MORE Click here to see what happens if you were to save R1 000 at the end of each month...

Assuming your salary was paid into your Transact Account and swept into your Home Loan Account on the 1st of each month and you made the following withdrawals throughout the month:
Day 1 Day 1 Day 5 Day 10 Day 15 Day 20 =	R30 000.00 (Salary paid in) R11 010.86 (Bond instalment) R5 000.00 R5 000.00 R3 000.00 R5 989.14 R30 000.00 SPEND (100% of income)
In this example, you save despite spending 100% of your income and without paying a rand extra!

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