Knowing which bank offers the best return on savings is a common question among Brazilians who are looking for a safe way to save their money. Savings accounts are investments with yield rules standardized by the Central Bank, which means that the yield will be the same at any financial institutionAs long as the conditions are the same. However, there are some important details that can differentiate the experience of each bank, such as ease of access, intuitive applications and no fees.
How does the return on savings work?
Before choosing the best bank, it's important to understand how savings yield. The yield is defined by the following rules:
1# If the Selic rate is above 8.5% per yearsavings yields 0.5% per month + TR (Referential Rate).
2# If the Selic rate is up to 8.5% per yearsavings yields 70% from Selic + TR.
So it doesn't matter which bank you choose - the return on savings will always be the same for deposits made under the same conditions and in the same period.
Differences between banks in the savings experience
Although the yield is standardized, experience and services can vary between banks. Let's explore some points that can be decisive when choosing the best bank to open or maintain a savings account:
1# Access to the applicationBanks with modern, easy-to-use apps make managing savings more efficient.
2# RatesSome banks may charge fees for transfers or services associated with the current account. It is essential to look for those that offer exemption on more services.
3# ServiceBanks with agile service, whether by app, telephone or in person, can be more advantageous.
4# SecurityTraditional and well-established institutions offer greater confidence in situations of financial crisis.
Digital banks and savings
Digital banks have become an attractive option for those who want simplicity and efficiency. However, many digital banks don't offer traditional savings accounts. They usually offer alternatives such as interest-bearing accountsThese accounts, although similar, do not follow the rules of ordinary savings. These accounts can earn more than savings accounts, depending on the economic climate.
Which bank to choose to open a savings account?
Although the return on savings is the same between banks, here are some interesting options considering the customer experience:
1# Federal Savings Bank: Caixa is the most traditional bank when it comes to savings, and is a benchmark for millions of Brazilians. In addition, the bank offers incentives for those who receive social benefits, such as the Bolsa Família, making it easier to use savings.
2# Bank of BrazilWith a strong presence throughout Brazil, BB offers integration with other financial products, such as investments and private pensions, which can be a differentiator for those who want to diversify.
3# Santander and ItaúThese banks stand out for the practicality of their applications and their efficient service. They are suitable for those who prefer a more sophisticated experience.
4# BradescoOffers several physical branches and easy access for those unfamiliar with internet banking.
Alternatives to savings
If the aim is to achieve a higher return with security, there are options such as CDBs (Bank Deposit Certificates) e Treasury Directwhich can yield more depending on market conditions. Digital banking and brokers also offer accounts with automatic income, outperforming traditional savings without loss of liquidity.
The right choice for you
Which bank to choose? If the focus is solely on income, any bank will offer the same return for a savings account. However, the ideal choice can vary depending on the client's profile and needs. Those looking for tradition and stability may prefer Caixa or Banco do Brasilwhile private banks such as Itaú and Santander are attractive for their innovation and digital efficiency.
If you're considering more profitable alternatives with the same security, it's worth exploring other options besides savings. This way, you'll be able to find a path that's more in line with your financial goals.
See also: 6 best artificial intelligence apps to optimize your routine
October 29, 2024
She has a degree in Literature - Portuguese/English, and is the creator of the Escritora de Sucesso website. As a writer, she seeks to expand everyone's knowledge with relevant information on various subjects. At Trend-Topics, she brings news and content ranging from entertainment to the country's economic situation.
