Brasilia – Last year, deposits made in savings accounts in Brazil surpassed withdrawals, generating a liquid result of R$ 71.047 billion (approximately US$ 30 billion, by current exchange rates), a record result in the historic series started in 1995. The information was released this Tuesday (07) by the Brazilian Central Bank (BC). In 2012, the result was of R$ 49.719 billion (US$ 21 billion).<\/p>\n
In December 2013, the R$ 11.201 billion (US$ 4.7 billion) result was a monthly record. During the period, deposits reached R$ 148.506 billion (US$ 62.4 billion) and withdrawals totaled R$ 137.304 billion (US$ 57.7 billion). Earnings reached a total of R$ 3.012 billion (US$ 1.3 billion). In the last month of 2012, the result had been of R$ 9.205 billion (US$ 3.9 billion).<\/p>\n
At the end of last year, the savings balance reached R$ 597.943 billion (US$ 251.4 billion). Of this total, R$ 466.788 billion (US$ 196.3 billion) are of the Brazilian Savings and Loans System (SBPE) and R$ 131.154 billion (US$ 55.1 billion) represent rural savings.<\/p>\n
Savings funds yield 0.5% per month (6.17% per year) plus the Referential Fee (TR). These earnings are that as defined by the government, as long as the benchmark interest rate, called Selic, is greater than 8.5% per year. Currently, the rate is at 10% per year and is expected to continue rising. Financial institutions have forecasted that the Selic reaches the end of 2014 at 10.5% per year. <\/p>\n
The savings funds earnings method of calculation was defined by the government in 2012. According to this rule, as long as the Selic is equal to or less than 8.5% per year, the fund yields 70% of the Selic plus the TR. <\/p>\n
*Translated by Silvia Lindsey<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Deposits made by Brazilians were greater than withdrawals by R$ 71 billion (US$ 30 billion), highest value ever registered by the Central Bank.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-46856","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Deposits made by Brazilians were greater than withdrawals by R$ 71 billion (US$ 30 billion), highest value ever registered by the Central Bank.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/46856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=46856"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/46856\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=46856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=46856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=46856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}