Savings has a net inflow of R$ 2.59 billion in June

The positive result contrasts with that seen in June last year, when Brazilians withdrew BRL 3.755 billion more than they deposited in savings.

Last month, R$ 331.864 billion were invested, against withdrawals of R$ 329.269 billion. Income credited to savings accounts totaled R$6.278 billion.

liquid leakage

With the June result, savings accumulate net withdrawals of R$ 66.636 billion in the first half of the year. In the first six months of 2022, there was net funding of BRL 50.489 billion.

Last year, the bank account registered a record net outflow (more withdrawals than deposits) of R$103.24 billion, in a scenario of high inflation and debt.

Yields once again gained from inflation due to increases in the Selic rate (the economy’s basic interest rate), but other fixed-income investments continue to be more attractive than savings.

In 2020, savings had registered a record net inflow (deposits minus withdrawals) of BRL 166.31 billion.

The instability in the public bond market at the beginning of the covid-19 pandemic and the payment of emergency aid, deposited in digital savings accounts at Caixa Econômica Federal, contributed to the result.