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Savings income in 2023 it follows well-defined rules, which adapt according to Brazil's economic policy.
In times of Selic rate, the basic interest rate of the economy, above 8.5% per year, savings income is calculated by a combination of 0.5% per month plus the variation of the Reference Rate (TR).
On the other hand, when the Selic is equal to or less than 8.5% per year, the savings yield changes to 70% of the Selic plus the TR.
This means that, depending on the economic scenario, your money may yield more or less. In 2023, it is essential to understand how these variations impact your investments.
Furthermore, it is important to know that savings are considered one of the most insurance in Brazil, as it is guaranteed by the Credit Guarantee Fund (FGC) for amounts of up to 250 thousand reais per CPF and per financial institution.
Tips to maximize your earnings:
Understanding savings yields in 2023 is essential to making informed choices about your investments and ensuring greater financial security.
Also consider consulting a financial expert for personalized guidance.
Useful links:
Do you want to understand how the calculations work to estimate the return on an investment? 5 million reais in savings in 2023?
Next, we will detail the step-by-step process to help you with this process.
To begin with, it is essential to know that savings income is linked to the Selic rate.
When the Selic rate is below 8.5%, the savings remuneration is 70% of this rate plus the Reference Rate (TR), which has been at 0% in recent years.
If Selic is above 8.5%, savings yield 0.5% per month plus TR.
Let's assume that the Selic rate is below 8.5%. Therefore, we will use the Selic rate rule of 70%. Imagine that the Selic rate is at 4.25% per year. In this case, the calculation would be: 70% of 4.25% = 2.975% per year
To calculate the yield of 5 million reais in savings, you would apply the following formula: Annual yield = Initial amount * Yield rate / 100, Annual income = 5,000,000 * 2.975% / 100, Annual income = 148,750 reais
To find out your monthly income, simply divide your annual income by 12: Monthly income = 148,750 / 12, Monthly income = approximately 12,396 reais per month
Now that you know how to calculate the return on a 5 million investment in Savings, we invite you to explore other forms of investment that may offer more attractive returns.
Remember to check the official websites like the one of Central Bank for current rates and more information.
Investing is essential for those looking to build solid wealth over time.
A Savings is often the first option that comes to mind, due to its ease of use and perceived security.
However, several investment alternatives can offer higher returns, depending on each investor’s profile and goals. Let’s explore and compare some of these options.
Investments in Fixed Income, like the CDI, LCI It is LCA, are considered safe and more profitable than Savings.
They are guaranteed by the Credit Guarantee Fund (FGC), just like Savings, but with returns that often exceed inflation, something essential for the real increase of your capital.
For those looking to diversify, the Investment Funds are an excellent choice.
These funds can vary greatly, investing in stocks, fixed income securities, foreign currencies, among others.
Professional management and diversification reduce risk, but it is important to be aware of management and performance fees, which can impact returns.
O Treasury Direct is another excellent alternative, offering federal public bonds. These bonds have a payment guarantee from the Federal Government, and are considered to be of very low risk.
In other words, the options range from fixed-rate and post-fixed securities to those linked to inflation, allowing you to choose what best fits your investment strategy.
For investors with a more daring profile, invest in stocks or ETFs (Exchange-Traded Funds) might be interesting.
Furthermore, shares allow you to become a partner in companies, with the potential for appreciation and receipt of dividends.
ETFs combine the diversification of a fund with the ease of trading shares on the stock exchange. They are a higher risk investment, but can bring significant returns in the long term.
Find out more about each of the options by visiting the official websites:
Choosing the best option depends on your financial goals, investment horizon and risk tolerance.
Diversifying between different types of assets can be an effective strategy to optimize the return on your investment portfolio.
Using this method, you can simulate earnings for different amounts and interest rates.
However, Savings has a lower yield compared to other investment options available on the market.
It is always good practice to explore different alternatives to ensure you maximize your financial gains.
