The Central Bank reported that the net withdrawal in January is equivalent to almost the total difference between withdrawals and deposits in 2021.| Photo: Marcelo Andrade/Gazeta do Povo/Archive.

The Central Bank announced this Monday (6th) that Brazilians withdrew R$33.63 billion more than they deposited in their savings accounts in January. The net withdrawal – withdrawals minus deposits – is the highest for every month since the beginning of the historical series in 1995.

The previous record was recorded in August last year, when account holders withdrew BRL 22.02 billion more than they deposited, informed Agência Brasil.

In 2022, the booklet registered a record net outflow (more withdrawals than deposits) of R$103.24 billion, in a scenario of high inflation and indebtedness. Yields once again gained from inflation due to increases in the Selic, the basic interest rate, but other fixed-income investments are more attractive than savings.

The net withdrawal in January is equivalent to almost the total difference between withdrawals and deposits in 2021. That year, savings had registered a net withdrawal of R$ 35.5 billion. The application was pressured by the end of emergency aid, low income and the greater indebtedness of Brazilians.