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Caixa's savings account has net funding of R $ 1 billion in September

Investment

Last month, there were more deposits than withdrawals; attractive profitability

Savings of Caixa Econômica Federal recorded net funding of R $ 1.07 billion in September. This means that there were more deposits than withdrawals in the period. According to the institution, the data confirm the profitability and safety of the application.

"The growth of deposits in recent months reflects the greater attractiveness of savings in terms of profitability compared to other investments in retail," says the bank's Vice President of Retail Products, Fábio Lenza.

In Caixa's assessment, despite the change in remuneration, which is no longer just the Selic interest rate, the application remained attractive in relation to other investments in the market, such as CDBs and investment funds.

By law, when the Selic rate is less than or equal to 8.5% per annum, the remuneration becomes 70% of the base rate plus a reference rate of the bank.

At the last meeting of the Monetary Policy Committee of the Central Bank (Copom), the Selic rate was reduced from 9.25% to 8.25% per year, which implied a change in savings income.

Source: Government of Brazil, with information from Caixa