Work out sweep account interest instantly with clear inputs, formula shown and shareable results.
A sweep facility keeps a working balance in savings and automatically shifts the surplus into a term deposit at a higher rate, reversing it when you need the money. The blended rate shows what the whole balance effectively earns.
Sweep interest
Interest = threshold × savings rate + (balance - threshold) × deposit rate
Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.
Yes. Withdrawals break the swept deposit in units, usually on a last-in-first-out basis, so liquidity is preserved.
Broken deposits may earn a lower rate for the period held, so keep the working threshold realistic.