If you are looking to invest your money in any form of fixed income, have you ever thought about investing in savings or CDI. Check which of the two is worth more
Interest rates in Brazil have been rising steadily since last year. The Selic rate reached 13.25% per year, while the DI or CDI for investment income reached 12.65%. In practice, fixed income has become even more beneficial.
According to authorities, almost 23% of fixed income investments in Brazil are related to savings. The Brazilian Association of Financial and Capital Market Companies (Anbima) guarantees this information.
So, if you've invested money in fixed income securities, you know that there are now better and more profitable investment options.
How does Fixed Income CDI investment work?
The acronym CDI stands for Interbank Deposit Certificate. In practice, it is an interest rate that is guaranteed by transactions carried out between the banks themselves. In general, they are assets based on private or government bonds, whose yield varies from country to country depending on the Selic rate.
Check out some types of CDI.
- LCI (Real Estate Credit Letter);
- LCA (Agribusiness Letter of Credit);
- CDB (bank deposit certificate);
- RDB (Bank Deposit Receipt).
They are all safe ways to invest alongside your savings and have a stable income. This means that every month you will receive a profit on top of the money that is blocked in your account.
Contact your bank to find out more about the subject and the CDI options it offers when using your income fund.
