Savings balance closes May in negative, see how the balance of the month of May of the savings account was. A repetition pointing out changes.
For a long time, putting your money in your savings account was a common practice among Brazilians. Something like a tradition passed down from parents to children.
As time went by, some changes took place, with more information the savings lost steam.
The month of May was another month in which the savings account closed with a negative balance. Showing that there were more withdrawals than deposits, thus weakening the concept that saving money is a good thing.
See how the result turned out and notice that the savings balance closes May in the negative, as well as other months this happened. See what we can learn from these results.
Savings with a negative balance of R$ 6.251 billion
In principle, the amount deposited in savings accounts is still high, R$ 330.199 billion were deposited in savings accounts in May.
We can say that despite a lot of information about other more profitable investments, many people still rely on savings.
However, the value of withdrawals exceeded the value of deposits by more than R$ 6 billion. This occurs in times of recession, but we can say that this should not be the main cause of withdrawals.
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Brazil has gone through worse times recently, and is now recovering, decreasing unemployment. So the withdrawals point to a shift in investment.
In April, the difference was even greater, at R$ 11.747 billion. Thus, this seems to be a trend that will continue.
People withdraw more than they deposit in their savings account. Evidently, the indebtedness and the decrease in income are linked to withdrawals as well.
However, the understanding that other investments are more profitable than the savings account makes the investor migrate. Savings balance ends May in negative.
Savings or Direct Treasury?
First, a simple comparison can be made to show that your money in savings makes you a loser.
Treasury Direct is a fixed-income investment, with little risk and guaranteed yields greater than savings.
At times, the income from the savings account was below inflation at the time. Making you lose money and not win, which does not happen in the Direct Treasury.
Savings has an income limiting factor which is the TR Referential Rate, plus 05% per month. What does not happen in the Direct Treasury.
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Even with the variation that accompanies the market, as well as the term chosen, the Direct Treasury is still more profitable than savings.
With a conservative profile, without taking risks by investing in variable income, you can get better results with Treasury Direct.
In this way, either due to debt, or income retraction with the post-pandemic results, or migration to other investments. The savings account balance continues to close negative.
If you have money saved in savings, look for an expert, clear all your doubts and invest with greater profitability.
