How much does it yield? 40,000 in savings? See how it works!

Savings accounts are one of Brazilians' favorite forms of investment. They allow you to deposit money that, if not withdrawn, will earn interest. And that's why they're so appealing.

Additionally, you have the convenience of immediate liquidity, meaning you can withdraw the amount you need whenever you need it, whether it's in full or in part compared to what's deposited.

But do you know how savings yields work? Do you know how much you need to invest to get a good return?

Follow our article to find out how much 40,000 yields in savings and how to calculate other values.

Check out the savings account income table with all the amounts here! 👈

How savings income works

The income from savings is determined based on two rates: Selic and the Reference Rate (TR).

The Selic represents the primary interest rate in the Brazilian economy, established by the Central Bank's Monetary Policy Committee (Copom). The TR, in turn, is a rate calculated daily by the Central Bank and published regularly.

The formula for calculating savings income is as follows:

• When the Selic rate exceeds 8.5% per year, savings generate a return of 0.5% per month, added to the TR.
• If the Selic rate is equal to or below 8.5% per year, the savings yield corresponds to 70% of the Selic rate, plus the TR.

In the current scenario, with the Selic rate registering 10.75% per year, the savings yield is 0.5% per month plus the TR.

Savings earnings are deposited monthly on the deposit anniversary date. For example, if an amount is deposited on January 1st, the earnings will be credited on February 1st.

How to calculate investment in savings?

The calculation of the return on a savings investment depends on the current Selic and TR rates, following the rules established by the Central Bank of Brazil. Let's consider the two main conditions:

• Selic above 8.5% per year: Monthly income = 0.5% per month + TR
• Selic equal to or below 8.5% per year: Monthly income = 70% of Selic per year + TR

The TR is the Reference Rate, calculated daily by the Central Bank. To calculate your total monthly income, follow these steps:

Formula for calculating monthly income:

• Selic above 8.5% per year: Monthly income = 0.5 + TR
• Selic equal to or below 8.5% per year: Monthly income = (0.7 * Selic per year) + TR

Here's a practical example to calculate the savings rate. Let's assume the Selic rate is 10.75% per year, and the TR rate is 0.1% per month.

• Monthly income = 0.5 + 0.1 = 0.6% per month

Now, imagine that the Selic is at 7% per year and the TR is 0.1.

• Monthly income = (0.7 * 0.7) + 0.1 = 0.49 + 0.1 = 0.59% per month

Keep in mind that these are approximate calculations and the TR may vary. The yield is credited monthly on the deposit's anniversary date. This is a simple example, and the actual result may vary with changes in the Selic and TR rates.

At the time of writing, the Selic rate was calculated at 12.25% per year and the TR at 0.0745. Based on these rates, we made the following calculations. Remember that, for this value, the calculation is: 0.5% + TR.

How much does a thousand reais yield in savings?

With the Selic at 12.25% per year and the TR at 0.0745% per month, the savings yield is 0.5% per month plus the TR.

Therefore, the return on a thousand reais in savings is:

• R$ 5.02 per month;
• R$ 15.07 per quarter;
• R$ 180.84 per year.

How much does 5 thousand reais yield in savings?

If you want to invest 5 thousand in savings, with the current Selic rate, you will have the following results:

• R$ 2.51 per month;
• R$ 7.53 per quarter;
• R$ 90.36 per year.

How much does 10 thousand reais yield in savings?

If you make an investment of 10 thousand, you will have the following return on your savings account:

• R$ 5.02 per month;
• R$ 15.07 per quarter;
• R$ 180.84 per year.

How much does 30 thousand reais yield in savings?

Do you have $30,000 invested in savings? You'll get the following returns:

• R$ 15.07 per month;
• R$ 45.21 per quarter;
• R$ 542.52 per year.

How much does 40 thousand reais yield in savings?

Want to know how much 40,000 in savings will yield? Check out the values now:

• R$ 20.08 per month;
• R$ 60.34 per quarter;
• R$ 673.24 per year.

How much does 50 thousand reais yield in savings?

What if you invest 50,000 in savings? Check out the returns you'll get:

• R$ 25.10 per month;
• R$ 75.42 per quarter;
• R$ 793.90 per year.

How much does 100 thousand reais yield in savings?

When you invest 100,000 in a savings account, at current rates, you have the following return:

• R$ 50.20 per month;
• R$ 150.77 per quarter;
• R$ 1,587.84 per year.

How much does 500 thousand yield in savings?

For those who invest 500 thousand in savings, the returns are as follows:

• R$ 251 per month;
• R$ 753.85 per quarter;
• R$ 9,036.20 per year.

How much does 1 million reais yield in savings?

And, with 1 million invested in savings, you will have the following results:

• R$ 502 per month;
• R$ 1,507.70 per quarter;
• R$ 18,072.40 per year.

Savings yield table

See a table with the values and a basis for you to know how much your savings account yields at current rates:

It is worth remembering that, with the current rate (SELIC 12.25% and TR 0.0745%), the value calculated for the savings yield is 0.5% + TR.

Is it worth leaving money in savings?

The answer to this question depends on several factors, such as your investment objective, your investor profile, and your time horizon.

If you need emergency funds, a savings account is a good option. It's safe, as your money is guaranteed by the Credit Guarantee Fund (FGC), and it has daily liquidity, meaning you can withdraw your money at any time.

However, if you want to invest for the long term, savings accounts aren't a good option. This is because current inflation is higher than savings yields. In other words, your money will lose real value over time.

For long-term goals, it is important to seek investments with higher returns, such as fixed income, variable income, or private pension investments.

So, the tip is that you carefully analyze the investment in savings or whether it is worth making other types of investments so that you can have a greater profitability and make better use of your money.

Did you like these tips? See more on our website and explore other investments that might be of interest to you.