The video compares the interest rates and security of three financial institutions in Brazil: Picpay, Nubank, and traditional banks. The host explains that Picpay offers a 210% interest rate of the CDI (a benchmark interest rate in Brazil), while Nubank offers 100% of the CDI. Traditional banks, on the other hand, offer no interest on current accounts.
The host also discusses the security of these institutions. Traditional banks are protected by the FGC (Credit Guarantee Fund), which guarantees up to R$250,000 in savings accounts. The SELIC Treasury is protected by the National Treasury, making it a safe option for emergency reserves. Digital banks like Picpay and Nubank invest their customers' money in public bonds, providing some level of protection, but they are not protected by the FGC.
The host concludes that while Picpay and Nubank offer competitive interest rates, they may not be suitable for emergency reserves due to the risk of failure. However, for day-to-day money in a current account, the risks are low, and these digital banks can be a good option. The host also provides a simulator spreadsheet to help viewers compare the interest rates and security of different financial institutions.
Here are the key facts extracted from the text:
1. Nubank was launched in 2015/2016 as a credit card and has grown to over 30 million customers in Brazil and Latin America.
2. Nubank offers a digital account called NuConta, which yields more than a traditional savings account.
3. Picpay is a digital wallet that started in 2018 and allows users to transfer money without fees.
4. Picpay yields 210% of the CDI (Certificado de Depósito Bancário, or Bank Deposit Certificate), which is a type of Brazilian government bond.
5. The CDI is approximately 1.9% per year and is linked to the SELIC rate.
6. Picpay's yield is 4.10% per year, which is more than double the CDI.
7. Nubank's digital account yields 100% of the CDI, which is less than half of what Picpay offers.
8. Traditional banks in Brazil, such as Santander and Banco do Brasil, do not offer any yield on current accounts.
9. The FGC (Fundo Garantidor de Créditos, or Credit Guarantee Fund) protects up to R$250,000 in traditional bank accounts in case of bankruptcy.
10. The SELIC Treasury is protected by the National Treasury and is considered a low-risk investment.
11. Digital banks, such as Picpay and Nubank, invest customer deposits in public securities, which provides some protection in case of bankruptcy.
12. Picpay is a highly capitalized company that has received significant investments, making it a relatively low-risk option for customers.