Brazilians withdrew a net R$2.9 billion from their savings accounts in November, according to Central Bank (BC) data released on Friday (5/12). In the month, deposits totaled R$340 billion, and withdrawals totaled R$343 billion.
Last month, net inflows amounted to R$9.6 billion.
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The savings balance as of August is 15 times higher than recorded in 2024
Savings account in 2024
- Net outflow amounted to R$15.5 billion last year, with R$4.17 trillion in deposits and R$4.21 trillion in withdrawals.
- This was the best result in terms of net fundraising in the last four years. In 2020, there was a positive flow of savings of more than R$166 billion, while in 2021 there was a negative flow of R$35.4 billion.
- The result of the withdrawals represents a decrease compared to 2023, when there was a net outflow of 87.8 billion Brazilian reais from savings – the second largest in the historical series that began in 1995.
The article is updated.