Does money saved at Nubank yield a return?
The app has a function where you can leave your money saved in Nubank separately and also see it yield 100% of the CDI.
Advertisements
One of Nubank's missions is to help its customers organize their financial lives, so it created a feature where customers can set aside an amount and choose what's available for everyday expenses.
The other amount is saved and earns interest, but will this money saved at Nubank yields same?
To find out, keep reading! See our index below:
- How does money saved at Nubank work?
- How to save money at Nubank;
- It is safe to have money in this bank;
- How much does a thousand reais earn at Nubank;
- How to withdraw the saved money;
- After all, money saved at Nubank yields;
- Conclusion.
How does money saved at Nubank work?
Nubank has launched a feature to help account users save and organize their money.
With this feature, users can separate the money they use on a daily basis from the money they save.
Furthermore, this makes it easier to manage, control and separate spending money from savings.
The amount is separated from the available balance and blocked for use. To use it, you must request a withdrawal.
However, the big difference is that it yields 100% of the CDI daily, that is, more than savings.
Even though it's kept safe, you can control and track the money you save, including your income.
The big advantage is that you do all of this in a single app, without the need to invest or separate your money between a checking and savings account, for example.
Oh! It's worth noting that you don't pay anything to withdraw your money; you transfer it to your available balance for free.
How to save money at Nubank to start earning interest?
If the information contained in the previous topic has sparked your interest and you want to leave your money saved in Nubank, know that it is very simple.
Access your account app and go to the dashboard, look for the "Save Money" option, then indicate how much of your balance you want to keep saved.
The process is simple and fast! If you don't already have a Nubank account, download the app, enter your CPF, and open an account.
The digital account is approved in just a few seconds and comes with an approved debit card.
The card allows you to build a limit, and the fintech evaluates your payment habits and the chances of you receiving a pre-approved limit.
So, if you can't get a credit card right away, don't be discouraged, keep using your digital account and debit card.
Once your account is approved, you can start using the feature and leave your money saved at Nubank.
Is it safe to have money saved at Nubank?
Yes. Your money is safe and secure at Nubank.
Your money is safe in the bank, as it is not invested in high-risk investments and is not lent to third parties.
In fact, the money deposited into the Nubank account was invested in Federal Public Bonds.
Currently, money can already be invested in RDB and is also covered by the FGC, however, amounts invested before 2019 continue without this coverage, as they are still invested in Federal Public Bonds.
In any case, the money deposited in Nubank is kept separate from the bank's cash register, so it remains safe!
How much does a thousand reais yield in a Nubank account?
Your money saved at Nubank yields 100% of the CDI, which is more than a savings account. The yield is automatic, and liquidity is daily.
Depending on the yield percentage, your money saved at Nubank yields up to 9.15% per year, very close to the Selic rate, which yields 9.25%. In the case of savings accounts, it yields 6.7% per year.
Therefore, if you deposit one thousand reais into your Nubank account today and only withdraw it in 2 years, the withdrawal will be R$1,157.88, this amount already deducting income tax.
In savings, you will withdraw R$1,127.21, this is the total gross balance, as this investment is not taxable.
Even so, the redemption value at Nubank is still higher. In other words, money saved at Nubank yields, and more than in savings.
How do I withdraw money saved in Nubank?
When saving money, you can opt for Planned Redemption. With this option, the customer can choose a redemption date up to two years after the deposit date.
In this option, the return is increasing, that is, the longer you choose to leave your money, the higher the return will be, therefore, it can even be a little higher than 100% of the CDI.
In this case, you'll only be able to withdraw the money starting on the date specified in the Planned Redemption. However, if you're not sure if this is the best option, you can choose to leave your money in the "Balance available at any time" box.
The money is available for you to transfer to your balance whenever you want. In the case of Planned Redemption, the money is automatically available on the set redemption date.
After all, does money saved at Nubank yield anything?
Well, as we can see previously, your money saved at Nubank yields. The ideal is to opt for Planned Redemption, as this way, it can yield more.
Even if you don't choose the "Save Money" function, your money that remains in the available balance also yields 100% of the CDI.
However, it's not separate. To help you manage and save, choose to set aside a sum of money in this function or even in Planned Redemption.
Conclusion
Making your savings at Nubank grow is very simple, and you don't need to be an investment expert to do it.
Of course, when it comes to our hard-earned money, we can't be too careful. So, before hiring any service, be sure to read the terms and conditions.
However, your money saved at Nubank will indeed yield returns!
Finally, be sure to find out if a digital account is current or savings. Read the text!
