How Much Does Nubank Minimum Wage Earn With New Selic?

.’s digital account nubank It was created to bring more flexibility and financial control to Brazilians. Free transfers and automatic return on top of the savings bonus are allowed. For all these characteristics, how much is the minimum wage (1,100 BRL) in a Nubank account?

Before moving on to the final income value, it is important to understand how Nubank Profitability. Currently, the digital bank account works with 100% profit CDI. The gains are close to those provided by Selic’s ratio, which rose from 3.5% to 4.25% annually.

Thus, Nobank’s annual remuneration is 4.15% and 0.34% per month. On earnings, there are two mandatory taxes: IOF and income tax. However, it should be noted that the Nubank account is still more useful than the traditional passbook.

This is because, with the new high in Selic, the savings start to come in at only 2.975% per year and 0.28% per month. The calculations also take into account the 4.25% Celec ratio.

How much does the minimum wage earn at Nubank?

If a Nubank account holder leaves a minimum wage, currently in the range of R$1,100, which he earns, at the end of 12 months, he will receive R$45.65. In two years, this value rises to R$91.30. It should be noted that these amounts will be subject to income tax and IOF deductions (if applicable).

Even with the discounts, the Nubank bonus is still more useful than the savings. As mentioned above, the current passbook percentage is 2.975% per annum. Given a period of one year (12 months), the savings wage will be R$32.78. Taking into account 2 years (24 months) the value would be R$65.56.

For all these reasons, investing in Nubank brings more benefits than passbook. It is important to note that Selic is corrected every 45 days. Therefore, the declared amounts are not a guarantee of future profitability, but a prediction of the period during which the resources will remain in their own investments.