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The Central Bank has made a decision that will directly impact those who have R$5 in savings accounts at Caixa Econômica Federal. With this initiative, Brazil can offer more attractive investment rates than those in the United States, bringing new opportunities for investors seeking better returns.
The Central Bank, a key body for managing national economic policy, works to ensure the stability and purchasing power of the currency, directly influencing the country's economy. The institution recently announced a decision that will have a significant impact on those who have R$5 in savings accounts at Caixa Econômica Federal. This change promises to redefine the direction of savings yields, offering new perspectives for small investors and indicating possible adjustments in interest rates that directly affect the financial market.
Central Bank raises base rate for those who have 5 thousand in Caixa savings
According to information from Valor Investe portal, Monetary Policy Committee of the Central Bank raised the basic interest rate by 0,25 percentage points, to 10,75% per year, at the last meeting.
In this way, the interest on fixed income shares that follow the CDI and Selic (the Treasury Selic), which is the basic interest rate of the Brazilian economy, were significantly affected. Therefore, Caixa savings accounts also undergo crucial changes.
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Furthermore, rates at this level also impact savings accounts, although to a lesser extent. The savings account's yield stops increasing linearly once the Selic rate is above 8,5%. Below this level, the savings account's return is 70% of the rate.
When the interest exceeds 8,5% (it could be 8,51% or 20%), savings remuneration is limited to 0,5% per month, or 6,17% per year, plus the variation in the reference rate (TR), a rule known as old savings.
However, it is worth noting that, with Central Bank interest rates above double digits, the TR no longer has a zero return and should add some income to savings. Despite this, other fixed income investments continue to yield more than the savings account.
How much will R$5 yield in Caixa savings with changes from the Central Bank?
Considering the expectation for interest rates that are embedded in future contracts, of Selic at 12,08% in one year, investing R$5 in Caixa savings, in a CDB with daily liquidity, with a remuneration of 103% of CDI, the ransom would be R$5.509, jIncome tax discounts are considered, that is, a net profitability of 9,8% in 12 months.
In an LCA or LCI that pays 93% of the CDI, since these bonds are exempt from Income Tax, the withdrawal would be higher, R$5.555,87, that is, a return of 11,12%. Finally, in a Caixa savings account, the withdrawal would be R$5.351, considering the TR expected in this period, of approximately 0,85% per year. Although it may seem small, the difference is large in the long term. The longer the investment period, the less advantageous the savings account is.
C6 Bank Financial Planner Explains the Data
Second Rafael Haddad, financial planner at C6 Bank, post-fixed securities, that is, those linked to the CDI, continue to be the most attractive in all terms, even with the change by the Central Bank. This is a reflection of expectations of higher interest rates in the future. Many fixed income securities are subject to Income Tax based on a regressive table.
For withdrawals between 361 and 720 days, the rate is 17,5% on the remuneration. After two years, the rate drops to 15%. In recent weeks, expectations have been growing among investors of higher inflation in 2024 and 2025.
According to the financial planner at C6 Bank, the interest rate differential between Brazil and the United States is expected to increase in the coming years, since the Central Bank of the United States is lowering interest rates there and, here, we are increasing them. This makes the Brazilian rate more attractive in relation to the foreign rate.
It is wrong to talk about Caixa savings. It is not true that any savings account, in any bank, is included. The rule is the same for everyone.