How is the remuneration of savings deposits from the interest rate?
The savings interest rate directly influences the compensation you will receive for the deposits you make in this type of investment. In the current economic scenario, for example, the interest rate on savings discourages many investors from leaving their money in savings for a very simple reason: with the high interest rate, the profitability of the applications is almost nil, falling even below inflation. Understand how savings deposits are remunerated from the interest rate:
What is the remuneration of savings deposits?
Since May 4, 2012, the remuneration of savings deposits – which is the income received according to the amount applied in the book – is composed of the basic remuneration, which is given by the Referential Rate (TR) and the additional rate. The additional remuneration is fixed when the Selic rate exceeds 8.5%: 0.5% per month plus TR. When the Selic is equal to or lower than 8.5%, the savings yield 70% of the annual Selic plus the TR. The calculation of the remuneration of savings deposits is made on the basis of the lowest balance of each income period, which is the current month from the anniversary date of the savings (which is when the first deposit was made).
How do you save interest rate?
When the Selic, the basic interest rate of the Brazilian economy, increases, the savings loses the attractiveness, since the increase directly influences the remuneration of the deposits in the book. This is because, unlike fixed income funds, where income rises along with the Selic rate, savings income is limited to 6.17% per year plus the TR variation when the base interest rate is above 8, 5%. On 2/8/15, the Selic rate is 14.25%.
Considering the remuneration of savings deposits, is it worth to leave the money in it?
Regardless of income, in times of rising interest, savings should be only the first choice in some specific situations, such as small investors who have little money saved or for those seeking a short-term application for certain purposes (such as a travel, for example). The savings are still indicated for those who are forming the reserve fund for emergencies. As there is no incidence of income tax, it is possible, if necessary, withdraw money without loss. However, if your focus is profitability, savings are worth more when the Selic rate is below 8.5%. In this scenario, the remuneration is more attractive: TR plus 70% of the annual Selic.
Those who are interested in the profitability of their investments have to keep in mind that, although safe and do not charge fees, saving is only worthwhile when the economy’s basic interest rate is at a lower level. Other equally safe investment options, such as Treasury Direct, may be considered if you are looking for better returns. DI funds and securities of medium-sized banks are good options for those who will invest up to R $ 250 thousand. To learn more, see the Abel Magwitch Investment Guide, an automated, free financial control application.