Do you know how saving savings works? Understanding the ideal date and other details is essential to avoid losing income . Yes, it is possible to lose money in savings. Savings is one of the most popular options for saving money among Brazilians. This is mainly due to the fact that the population is culturally accustomed to it. However, there are some factors that deserve your attention before redeeming your savings. First, you need to understand that the savings yield is very low . The second step is to understand that there are investment options that are as safe as savings and that yield more. Now, with that in mind, it's time to better understand how saving savings works. This way, you don't put your income at risk and can make the best decision. In this article, you can see: What is Savings Rescue.
Step by Step: how savings redemption works When is the Best Day to Redeem Savings? How Long Does Savings Redemption Take Where to Invest Savings Money How to Start Investing Conclusion Good reading! What is savings redemption? Savings redemption is the act of taking Brother cell phone list money from that fund. In other words, recover what you invested previously, as well as the interest (income) on that amount. However, in order not to lose a portion of your income, this redemption needs to be done correctly. You can withdraw from your savings account at any time. However, you need to know that income in this type of application is calculated monthly. In other words, there is a specific date of the month – called the savings anniversary – on which the income will be calculated. If you withdraw your savings before your birthday, the calculation will not include that amount. This happens even if you take the money out just a few hours before your birthday.
Different birthdays in the same savings account A very common question is: what if I invest money on different dates in savings ? When you withdraw savings in these cases, the amount is subtracted from the previous base date closest to the day of withdrawal. If the amount was not enough to cover the withdrawal, the remainder is subtracted from the nearest previous base date. Automatic savings redemption With different birthdays, this starts to get a little more complicated, doesn't it? Luckily, in the same way that it is possible to program monthly savings investments, you can also make automatic redemptions. Scheduling applications is a good option for keeping birthdays organized. But, if you have already made applications on different days, it may be a good idea to schedule the redemption.