THE NuConta it has a feature called Save Money that separates part of your balance: in this way, it cannot be withdrawn or used for debit purchases. Now the Nubank is testing a way to automatically transfer a specific amount to this reserve every month; it will yield 100% of the CDI, as well as the main balance.
The Save Money feature was launched in May this year. All money deposited at NuConta already yields 100% of the CDI, but some people are tempted to spend their wages when they see the balance in the account; thus, it is possible to leave part of it separate for future plans.
Until then, this had to be done manually. Therefore, NuConta will allow you to choose a specific amount to save every month on a specific date. Initially, this will be tested only among some customers; over time, the novelty will become available to everyone.
How to use Auto Save to NuConta
To check if your NuConta has Auto Save functionality, do the following:
- in the Nubank app, open the NuConta and tap Save money (or Saved Money);
- touch the option Automatically Save;
- choose the value which will be booked monthly;
- select the day month and confirm.
You can only spend this money if you redeem for the available balance (this is immediate and free of charge). Of course, it is possible to modify the value and the date, or disable the Auto Save feature.
This is NuConta’s equivalent for automatic savings applications. The difference is that the savings income is equal to 70% of the Selic rate plus the reference rate (the TR is currently zero). Meanwhile, NuConta yields 100% of the CDI, which approaches 100% of the Selic rate.
The Nubank mentions recent research according to which 47.1% of Brazilians usually “save to invest part of their income in savings and / or other investments”. The survey was carried out by CNDL (National Confederation of Shopkeepers) and SPC Brasil in partnership with the Central Bank.