Next Tuesday (7) and Wednesday (8), the Copom (Monetary Policy Committee) will define the new Selic Rate. The general expectation of the market is that the rate will increase by 1.5 percentage points, going to 9.25% per year.
This change causes the savings income to be recalculated by the old rule, activated whenever the rate exceeds 8.5%.
Under the current rule — with Selic at 7.75% — the money invested in savings accounts yields 70% of the interest rate, plus the TR (reference rate), which can be updated daily, but today is zero.
With the base interest rate above 8.5%, savings deposits would have a fixed yield of 0.5%, or 6.17% per annum, plus the TR.
The request of CNN Brasil Business, Michael Viriato, strategist at Casa do Investidor, carried out a survey with the differences in savings in the current and in the old calculation and in different periods.
Reference: CNN Brasil