Deposits exceed savings withdrawals of R $ 5.6 billion in June | Economy

This is the fourth consecutive month of positive savings. In January and February, savings withdrawals were higher than deposits.

Still according to the Central Bank, considering the whole of the first half of 2018, the result of savings was also positive: deposits exceeded the withdrawals of R $ 7.3 billion $. This is the best result for the period since 2014, when the positive balance was 9.6 billion reais.

During the first six months of last year, savings withdrawals were greater than deposits, at 12.3 billion reais.

With the entry of resources into savings in June, the stock of deposits, ie the total volume applied, increased. At the end of May, this stock had risen to R $ 740.639 billion and by the end of June it had risen to R $ 749.088 billion.

Attractiveness of Savings

According to the current standard, savings income is reduced whenever the Selic rate is less than 8.5% per annum. In this situation, the annual booklet correction is limited to 70% of the Selic, plus the reference rate calculated by the CB.

Today the Selic is at 6.50% per year. As the rule predicts that the savings correction is 70% of this rate, it is now 4.55% per year plus the reference rate.

But the fall in income also affects so-called prefixed applications, that is to say based on Selic.

According to the calculations of the National Association of Financial, Administrative and Accounting Directors (Anefac), savings will remain an "excellent investment option, especially on funds whose management fees exceed 1% per year.