Yesterday we had "Super Wednesday" with decisions on domestic interest rates in the United States by the Fed and here in Brazil we had the decision on our interest rates by the Copom . So I decided to write because I received some messages asking me to comment a little about the income from digital accounts with the possible drop in interest rates.
But what does interest have to do with your life? Even if you don't know.
Governments raise interest rates so that you prefer to keep your money instead of spending it, while if interest rates are lower, you prefer to use your money for consumption, as you will realize that the money is not earning anything in the bank. , so it's better to consume it than to take the trouble to spare it. Therefore, when interest rates are high, the vast majority of families, who are conservative, prefer to leave their money in the bank rather than consume it immediately. This is because in the future they will have the benefit of being able to buy more goods and services than they could consume right now. And that's basically what moves us: the perception of a better future by being a saver.
What about income from digital accounts?
I'm going to talk here about some information I researched on the Nubank blog, a very well written blog, by the way. We have that the Nubank current account yields 100% of the CDI. Yesterday, we had the COPOM meeting and the fear of the people who asked me to write about this topic was that yesterday they could drop at least half a percentage point or even a percentage point, which would affect this yield. So, out of 13.65% a year, maybe we would have 13.25% here.
How do I control how much a CDI yields?
When we talk about 100% CDI and how it is calculated, I will try to make it simple for you to follow. You can use Google and type " Citizen's Calculator ". It inserts the initial date of the investment , the amount to be restated and the % of the CDI rate. With this, you can more closely monitor the income of accounts and monitor.
Watch the Youtube video because the calculator is difficult to describe step by step here on the Blog.
How do I convert a monthly fee to an annual fee?
I will use Excel. You can look it up online and read more about it, but the formula you should strive to learn if you want to be a career investor is the present value formula . I recommend that you watch my YouTube video as it makes it easier to understand how to calculate fees .
Incident taxes? Nubank 's income is subject to Income Tax and the current table is the regressive tax table. You don't have to worry about withholding income tax , because it is already withheld at source.
C6 and Banco Inter current accounts: how much do they yield?
The current accounts of C6 and Banco Inter did not clearly inform if they undergo any kind of correction. Everything indicates that there will be some kind of correction only if you leave it applied to the specific investment or savings account.
As we have seen, interest rates in the local economy greatly affect the lives of Brazilians, whether or not they are aware of the mechanism described throughout this article. In the end, every Brazilian ends up finding a way to withstand the high interest rates , but for those who have some money saved, the income brings the promise of a more peaceful life."