Amid strong inflation and income still contained, the savings account recorded the third consecutive month of net withdrawals in March. The outflow of resources totaled R$ 15.356 billion in the month, informed this Monday, 25, the Central Bank. It is the largest withdrawal for the period since the beginning of the historical series, in 1995.
In February, the volume of money withdrawn from the application was R$ 5.350 billion. In March 2021, the outflow of funds from savings accounted for BRL 3.524 billion.
The March Savings Report should have been released on April 6th, but was postponed due to the strike by BC servers, which started on April 1st.
Last week, the category decided to give a “vote of confidence” to the president of BC, Roberto Campos Neto, and suspended the strike until May 2nd in an attempt to move forward in negotiations for salary recomposition of 27% and career restructuring. Thus, some publications, such as the Savings Report, are being published.
In March, deposits totaled R$311.753 billion, while withdrawals totaled R$327.109 billion. Considering the income of R$ 5.138 billion in the period, the total balance of the booklet amounted to R$ 1.006 trillion at the end of the third month of the year.
The BC also released a preview of the April result this Wednesday, with data up to the 14th. In the period, the savings account also had a negative balance of R$ 5.917 billion.
2021 had third worst performance in history
In 2021, the savings account had the third worst annual performance in history, with net withdrawals of BRL 35.497 billion, after recording a record in 2020 (BRL 166.310 billion), amid emergency aid and the greater tendency of families to save money at the beginning of the covid-19 pandemic.
Currently, with the Selic rate at 11.75% per year, savings are remunerated at the reference rate (TR), currently at 0.1302% per month (1.57% per year), plus a fixed rate of 0.5 % per month (6.17% per year). When the Selic is below 8.5%, the adjustment is made with TR plus 70% of the basic interest rate.