In November, the savings account recorded net withdrawals of 2.931 billion reais, reaching the eighth month of withdrawals of the year, according to data released this Friday by the Central Bank.
Since the beginning of the year, savings have recorded a net withdrawal of 20.426 billion reais. In 2024, only the months of March, May and June saw savings inflows.
Last month, there was a negative balance of 1.370 billion reais in the Brazilian Savings and Loan System (SBPE) and net withdrawals of 1.561 billion reais in rural savings.
The current profitability of the savings account is given by the reference rate (TR) plus a fixed remuneration of 0.5% per month. This formula is valid as long as the Selic rate is above 8.5% per annum: the base interest rate is currently 11.25% per annum.
Source: Terra
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