By Hélio Costa Junior
In March, savings accounts in Brazil had the largest outflow of funds in the historical series that began in 1995, with a negative balance of withdrawals of R$51.2 billion (US$10.14 billion) in the first three months of the year.
The amount represents a nominal increase of 26.9% compared to last year.
The Central Bank (BC) released the data on Thursday (6).
With the drop, the stock of the Savings Account went from R$968 billion to R$967.5 billion, a decrease of R$544 million.
The total resources invested in the Savings Account fell by R$31.6 billion from December 2022 to March 2023.
However, the profitability of the Savings Account provided gains of R$19.8 billion, the highest value in the historical series.
With the basic interest rate, Selic, at 13.75% a year, the highest level in the last six years, investments in savings accounts yield 0.5% a month, plus the variation of the TR, the Referential Rate.
In 2022, the Savings Account closed in the red for the second year in a row, with more withdrawals than deposits in ten of the 12 months of the year.
With information from Revista Oeste