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New decree from the Central Bank affects those who have R$10 in savings

Written by Bruno Teles
Published 09/09/2024 às 19:10
Updated 11/09/2024 às 17:34
New decree from the Central Bank affects those who have R$10 in savings
New decree from the Central Bank (Image: Representation)

With the change in rules, savers at Caixa, Bradesco and other banks may feel a direct impact. Understand what the new decree from the Central Bank means for those who have R$10 in savings.

Those who have R$10 in savings, whether at Caixa, Bradesco or any other bank, need to be careful. The new decree from the Central Bank directly affected the expectations of savers, raising the question of whether it is still worth keeping money in this type of investment. With the Selic rate remaining high, savings yields are no longer as attractive as before, and this is causing doubts among investors.

How does the new Central Bank decree affect savings?

Recently, the central bank announced a decree that, for those who have values ​​saved in savings, like R$10, may not be good news. The Selic rate, which is currently at 10,50% per year, is one of the factors that determine the profitability of savings accounts. And, since 2012, the rule has been clear: if the Selic rate is above 8,5%, savings accounts yield 0,5% per month plus the Reference Rate (TR).

With the Selic rate at high levels, savings yields continue to be limited to 0,5% per month, which, in practice, means a return of 7,13% per year for those who have R$10 in savings. In other words, in one year, the saver will see his money grow by R$713.

Why is the profitability of savings so low?

The reason for this apparently modest profitability is directly linked to the new Central Bank decree and the current economic scenario. The decision to keep the Selic rate high was taken by the Monetary Policy Committee (Copom) in an attempt to balance public accounts and contain inflation. However, this ends up directly affecting those who have money in savings, since the yield follows this rule of 0,5% per month when the Selic rate exceeds 8,5%.

For comparison purposes, anyone who invested the same R$10 in a Treasury Selic bond, for example, could expect a return of around R$903 in the same period., well above what savings offers. This makes many investors rethink whether to keep the money. in savings is really the best option.

With the new decree from the Central Bank, experts recommend that those who want to see their money grow consider other investment options.

With the new decree from the Central Bank and the scenario of high interest rates, experts recommend that those who want to see their money grow consider other investment options. Government bonds, CDBs and fixed income funds have proven to be more advantageous options, especially for those seeking higher returns with the same security offered by savings accounts.

For example, investing in CDBs or government bonds can yield much more than the 7,13% currently offered by savings accounts. And the most interesting thing: with the advancement of technology and increasingly accessible investment platforms, anyone can invest their money in more profitable alternatives with the same ease with which they open a savings account at the bank.

What to do with your R$10?

The truth is that the new decree from the Central Bank highlights the need to reevaluate where to store money. For those who still have R$10 in savings, the current scenario is not very encouraging. Profitability is low, and there are options on the market with higher returns and the same level of security.

Therefore, anyone who has R$10 in savings should consider diversifying their investments. The market offers more attractive alternatives, especially for those looking to maintain purchasing power in the face of a high Selic rate. The moment calls for reflection and, possibly, a change of strategy to make better use of the money that, until now, was sitting in savings.

With so many options on the market, It is always good to analyze and, if necessary, consult a financial expert to ensure your money is working for you in the best possible way. After all, with the new decree from the Central Bank and rising interest rates, leaving money in savings may not be the best way for those who want to see their balance grow.

TO KNOW MORE: Caixa Econômica launches new credit card through Caixa Tem with a limit of R$800 and exclusive benefits, see how to apply

Now that you understand how the new decree from the Central Bank is impacting the performance of poupança, what do you think? Is it worth leaving the money idle or is it time to look for other investment alternatives?

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Bruno Teles

I talk about technology, innovation, oil and gas. I update daily about opportunities in the Brazilian market. With more than 2.300 articles published in CPG. Agenda suggestion? Send it to brunotelesredator@gmail.com

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