The increase in the basic interest rate (Selic) by the Monetary Policy Committee (Copom) of the Central Bank took the fixed income yield. In the case of Nubank customers, simply leaving money sitting in the account is more worthwhile than putting it in savings.
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the account of fintech has an automatic yield higher than savings, equal to 100% of the Interbank Deposit Certificate (CDI). Knowing this, see the following how much does R$ 1 thousand earn at Nubank with Selic at 12.75%.
The percentage of 100% of the CDI currently guarantees an annual return of 12.65%, very close to the Selic rate. That means a monthly return of just over 1%
If the customer deposits BRL 1,000 and leaves it earning for two years, at the end of this period, she will be able to withdraw BRL 1,221.93. The Income Tax discount is already provided for in this amount.
By way of comparison, savings today pay 0.50%, since the basic interest rate is above 8.5%. These same R$ 1 thousand in the traditional booklet will generate an income of R$ 1,130.61 after two years. The difference between the two options is around R$91.32.
Even though savings are exempt from Income Tax, the Nubank account is still more worthwhile. See the full comparison table:
|Value applied||BRL 1 thousand||BRL 1 thousand|
|Gross total balance after 2 years||BRL 1,269||BRL 1,130.61|
|Total net balance (deducted from Income Tax) after 2 years||BRL 1,221.93||BRL 1,130.61|
|gross total income||BRL 269||BRL 130.61|
|total net income||BRL 221.93||BRL 130.61|