Savings Anniversary: ​​What is it and how much does it yield?

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Have you ever heard of a savings anniversary?  Do you know how much your savings yield? Know that your birthday has an impact on your savings income and you may even stop earning money if you don't know how it works. In this post, we will explain in a very simple way how it works and how to guarantee all possible income. And we will also present other applications with greater profitability than savings. What is Savings Anniversary? savings anniversary how much does it yield Each deposit has a savings anniversary that must be respected to avoid losing money. It's quite simple. Savings anniversary is a monthly date on which your investment pays off . Each deposit has a savings anniversary exactly the same as the day it was made. In other words, if you make an application on April 10th and another on April 20th, the first one will pay off on the 10th and the second on the 20th. The most correct name is not savings anniversary, as it is a monthly date. It could very well be called 'mesversary'.

Anyway, see how it works in this example below. Imagine that you deposited R$80.00 on April 12th, that day will be your savings anniversary. From then on, every 12th, the income from this investment will be credited to the total invested. But if in the following month, the 12th falls on a Brother cell phone list weekend or holiday, the income is credited only on the next business day. Also know that the rule is a little different if the first deposit occurs on the 29th, 30th and 31st. In this case, the anniversary will be on the 1st of the following month. But before you go out celebrating your birthday, wait! If you make a redemption before your birthday or many days later , you won't have the full income, so the solution is to blow out the candles without celebrating. For example: you made your first investment on the 5th of June, so your birthday is every 5th. So, when you make the withdrawal on the 2nd of August, for example, you lose the income for an entire month, from the 5th of July on August 5th.




And look, the income from savings isn't like that, is it? The only day to redeem your savings money when you don't lose money is exactly on your savings anniversary. Before or after means loss. The tip then is, first of all, find out what your birthday is. Secondly, avoid redemption before or after that date and thirdly: is this really the best investment option? How much does Savings yield savings anniversary how much does it yield It is mainly made up of two fees: the basic and the additional. It works with two rates. The basic one, TR, which is calculated daily by the government and the savings rate of return, calculated in the same way by banks. The second rate has two variations that depend on the  basic interest rate, the Selic . If the Selic is more than 8.5%, the additional rate is 0.5% per month. And if the Selic rate is equal to or less than 8.5%, the additional rate is equivalent to 70% of the Selic. Regardless of the economic situation, the savings account does not provide the best return.