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SAO PAULO – The savings account ended 2018 with a balance of 797 billion R $, according to information provided by the Central Bank. 2,252 billion rand deposits and 2,214 billion rand withdrawals last year, which allowed to obtain a net financing of 38 billion rands.
The fact that one application does not offer the benefit of generating a growth of nearly R $ 40 billion a year is at least curious and poses the following problem: why is it? Is savings still attracting so many investors even with such a low return?
The explanation, according to the experts, is cultural and faces the lack of financial literacy of Brazilians. Those who have money in savings are often justified by supposed benefits. "Invisible because it's safer," some say. "I can take my money anytime," say others.
But these arguments are easily disarmed. Credit risk security can be compared to the CBD (bank deposit certificate), LCI (letters of credit) and LCA (letters of credit of the agri-food industry), for example
. savings can even guarantee these applications: in the event of a default by the issuing bank, the FGC (Credit Guarantee Fund) serves as insurance for applications up to a maximum of 250,000 REs. Invest in the best fixed income products. Open your account on XP – it's free
Not to mention that another direct competitor of the book, Selic's Treasury, is considered the safest title in the country. After all, its credit guarantee comes from the federal government, the best payers.
Liquidity is a "false truth". At the same time as the pbadbook authorizes withdrawals at any time, it also has a system that penalizes the investor who must make withdrawals urgently.
Savings deposits have a birthday. This means that the income from the application is credited only 30 days after the deposit, and always every 30 days.
Let's suppose that you deposit $ 100,000 and that you resolve to get out within 29 days. Do you want to take it out? Go however, you will not receive a single penny for the money that has left 29 days in the hands of the bank. The truth is that the strength that big banks still exert on their customers makes them see in these institutions the only safe option to trust their savings. What's more wrong.
Alternatives
Brazil has good fixed income products that can very well replace the savings account. The CBD and the Treasury, for example, are excellent applications for beginners.
"The Treasury Direct program is a very democratic product.The investor can start with the Selic Treasury, which is more conservative, has no volatility, that is to say it is not likely to lose a portion of the money invested, "says investment advisor Jorge Luis Prado of Sal Investimentos.
André Mbadaro, financial educator, agrees." Whatever the situation, the profitability of the Selic Treasury affects savings realized, that either with the Selic up or down. And this title always has a higher level of security, since we are talking about the approval of the government, "says André Mbadaro, financial educator.
The CBD is another more profitable application that can offer daily cash – but invest only in them. who pay at least 100% of the CDI. In this case, the security is identical to that of the book, as both applications are guaranteed by the FGC.
To invest in these products, ideally you have a brokerage account. Indeed, brokerage firms offer applications from several different issuers, with much better returns than those of retail banks.
XP has a complete platform of fixed income securities. Open your account, it's FREE!
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