O National Treasury announced this Monday (11) a new public bond with yield linked to the rate Selic which will allow immediate applications and redemptions, 24 hours a day, seven days a week.
baptized by Treasury Reservethe new title will initially be offered by Banco do Brasil, which currently has around 80 million account holders, and will be expanded to other institutions, which are currently in the testing phase, the Treasury said in a note.
The new title is launched amid a decline in savings accounts in the country and a growing supply and popularization of “little boxes” offered by fintechs with simplified applications and redemptions, with returns linked to certain percentages of the CDI.
The value of the Treasury Reserve bond will not be marked to market, which means that moments of market volatility will not affect the investment’s yield.
Selic is currently at 14.50% per year while it has been promoting a gradual and moderate reduction in the rate, in what it has called “calibration”. Market agents predict that the level will reach 13% at the end of this year and 11.25% at the end of 2027, according to the BC’s Focus bulletin.
According to the government, the Treasury Reserve has income from the first business day after application, and the minimum amount to start investing is R$1, with a limit of up to R$500,000 per investor per month, with no restrictions on redemptions.
“The Treasury Reserve was created for those who want to set up an emergency reserve in a simple and safe way,” said the Treasury.
The new paper follows the same tax rules as other Treasury Direct securities, with Income Tax levied on income at the time of redemption or maturity. The rates are regressive, the longer the investment remains invested, the lower the tax.
