How much does 1000 reais at Nubank yield per month?

Read the text and find out how much 1000 reais earns at Nubank per month. Is it worth it?

Nubank is always competing with Banco Itaú for the title of most valuable financial institution in Latin America. 

Until the latest surveys, it ranked second. Part of this fintech's success is due to the services it offers its customers and the way it delivers them.

It's no wonder Nubank has one of the best digital accounts available today. Besides being free, it offers balance interest.

In today's text, you will find more details about this digital account, its investments and you will also discover as yields R$1000 at Nubank per month. 

About the Nubank digital account

Nubank is a Brazilian fintech company operating throughout South America. It was founded in 2013 by the trio: David Vélez, Cristina Junqueira, and Edward Wible. 

Despite only being in existence for 10 years, it has many achievements and a suitcase full of experience and excellent service provision. 

This fintech's mission has always been to simplify the financial system, and that's exactly what it does, offering hassle-free services to its customers.

In the app, customers find many simple and innovative tools, as well as credit solutions without bureaucracy.  

Learn about some of these services, available in your digital account, below. 

1. Nubank credit card

Nubank has different credit card models, namely: Gold, Platinum, Ultraviolet and Silver. 

Gold and Platinum are the most traditional, especially Gold. It has no annual fee and is easier to get approved for.

In fact, it doesn't require proof of income and even customers with bad credit can get a credit limit.

The benefits it offers are granted by the Mastercard brand. Platinum offers more benefits than Gold, as well as a higher limit.

However, it is necessary to prove an income above R$1,040,000 to obtain approval. 

See below the benefits that the Gold version brings:

• Extended Warranty;
• Price Protection Insurance;
• Purchase Protection Insurance;
• Mastercard Surprise.

The main difference between the benefits is that Gold benefits are geared towards product purchases.

While Platinum's benefits are geared toward travel, it's important to understand the benefits to determine which option is best for you. 

2. Limit Construction

Limit Building is an important tool for anyone who wants to have a Nubank credit card. 

The customer reserves a portion of their balance to be used as a credit limit on their card. The amount remains separate, but does not earn any interest.

Additionally, it can be redeemed at any time, as long as you are not committed to making purchases.

For example, you decided to set aside R$500.00 from your balance to use in the Limit Construction function.

The amount is then set aside and reserved for you to use on credit. The app allows you to pay for purchases in installments or even pay the bill.

It will work like a normal credit card, with a closing date and invoice due date.

When the invoice is due, you must make the payment, and the limit will then be reinstated.

Ideally, the money should be saved and the bill paid with the balance in the account. Over time, and as the bill is paid, the fintech will release a fixed credit limit. 

This feature can also be useful for increasing your available credit limit if you have a low limit, which is common at the beginning.

There are still a few more account functions to learn about before you find out how much does 1000 reais yield at Nubank per month.

Don't stop reading yet!

3. Boxes

Nubank has one of the best digital accounts for those who need help starting to save money. 

A useful tool for this is Nubank's Little Boxes. In the app, you can create multiple Little Boxes with different objectives.

The savings earn interest based on the chosen goal and have daily liquidity. Customers can personalize their little box with their photo and name. 

Additionally, you can set a target and track your progress, including the app showing how much you need to save to achieve your goal.

The monthly amount can be set up as direct debit and transferred automatically from your balance to Caixinha on the chosen date.

Find out how it works Nubank Boxes and how they can help you with your financial goals.

4. Save Money function with scheduled withdrawal

The Save Money feature available in the Nubank digital account is perfect for those who have difficulty saving. 

You know when you save a sum of money, but at the first opportunity you go and spend it?

With this feature, that's not possible. This is because the money is only available on the due date, which you choose. 

The yield on this tool is also interesting, and can reach more than 104% of the CDI, depending on the time of the maturity date.  

In other words, the further away the redemption date, the higher the profitability percentage.

So, leaving money earning interest in the Save Money function is better than leaving it in the balance or some investment in the digital account at the moment.

This is because the return is higher and you don't risk using the money prematurely. 

5. Nude Shopping Mall

Nubank's shopping mall is another interesting feature of your digital account. It features a variety of stores, from a wide variety of departments. 

The difference is that accessing these brands' websites directly through Nu Shopping gives you access to discounts, cashback, and exclusive offers.

For example, today, if I made a purchase at Centauro and was redirected through the Nubank app, I would earn 12% in cashback, whereas before the percentage was 6%.

If the purchase were made through the Magazine Luiza app, I would have access to a 50% discount on selected products. 

There are more than 100 partner stores with incredible discounts and cashback, including, for example:

• Beauty on the Web;
• Sephora;
• AliExpress;
• Casas Bahia;
• Netshoes;
• Consul;
• Electrolux;
• Positive;
• The Apothecary;
• Buser;
• Transfer;
• Booking.com;
• ZeeDog;
• Petlove;
• Ifood;
• Ri Happy.

Choose the desired store, click on the logo and then click on the purple button that appears, for example: Continue in store or Activate Cashback.

It's worth noting that this benefit cannot be combined with other discount coupons. It's only valid for purchases paid for with a Nubank credit card.

In the digital account, you can also find loans, insurance, and other tools that can make your financial life easier.

You can pay, transfer, and receive money in different ways, invest in crypto, top up your phone, make a donation, and transfer money abroad.

In addition to having no monthly fee, it has automatic income from the balance, without the need to invest. 

Speaking of which, see how much your money earns in the fintech's digital account.

How much does 1000 in Nubank yield per month?

This week saw the first Copom meeting of the year to define the direction of the Selic rate. 

The good news is that, even after speculation that it could decrease, the Selic remains at 13.75%, that is, the same base rate since August 2022.

This means that investments that use this rate as a reference for profitability will also not undergo changes.

Therefore, How much does 1000 reais at Nubank yield per month?

Nubank's digital account yields 100% of the CDI (a rate that uses the Selic as a reference and remains at 13.65%) for the balance left in the account for more than 30 days. 

So, by leaving R$1000.00 in the account for 30 days, you would have R$1,010.72 in gross balance on the 31st day, a yield of R$10.72.

The net balance with income tax deductions is R$1,008.31. If this same amount were left in savings for the same period of time, the return would be R$1,005.19.

To get a higher return on this amount, it is important to leave the money in the account for longer.

Did you know you can simulate how much your money will earn at Nubank in different scenarios?

This is possible with the Nubank Simulator. Read our content and find out how to use this tool. 

Another way to earn a higher income is by investing in higher-yielding investments.

In the Nubank digital account you will find some alternatives Investment Funds easy to start investing. See below. 

#Nu Immediate Reservation

This fund is low-risk because it invests only in fixed-income securities. You can start from R$1, and its liquidity is daily. 

The compound rates in this Fund are:

• Administration fee equivalent to 0.30% per year.
• IOF is only charged on redemptions made less than 30 days ago.
• Income Tax ranges from 22.5% to 15%, the longer the period, the lower the rate.
• Estimated cost close to 0.6% per year on the amount invested.

The interest rate percentage linked to Nu Reserva Imediata was 12.69%, however, after the situation involving Americanas, the rate is at 0.31%.

Nu Reserva Imediata had almost 1% of its assets invested in Americanas and B2W debentures, so the profitability of this fund was affected, since the debentures suffered devaluation.

All in all, it's not the best option right now, but keep an eye on the app to see when things improve. 

#Nu Planned Reserve

Nu Reserva Planejada is also low-risk. It seeks high performance by investing its investors' money in fixed income securities of large companies. 

The initial investment must not be less than R$500.00, otherwise, redemption can normally be made within 12 business days.

It is possible to redeem within 1 business day, as long as certain conditions are met.

This fund's strategy is to yield more than the CDI over time, but it is currently yielding less, according to the evolution shown in the Nubank app.

Since its launch in June of last year, it has not yet had a higher return than the CDI, so it is important to consider this before choosing this alternative as well.

Rates in the financial market fluctuate frequently, when you read this text, it may be yielding more than the CDI. So, compare in the app before choosing.

#Nu Cautionary Selection

In this fund, the money is invested in fixed income securities, stocks, gold, and the dollar. 93% is invested in fixed income. 

The objective of diversification is to keep risk low, which is why most investments are made in fixed income.

To reinforce the low risk, 3% is invested in gold and dollar, while the remaining 4% is invested in stocks for a better result.

You can invest from R$1 in Nu Seleção Cautela. Redemption takes 3 to 4 business days.

#Nu Balance Selection

The objective of this fund is to balance results and risk, therefore, its investments are in stocks, gold, dollars and fixed income. 

See the percentage below:

1. Fixed Income _ 76%
2. Shares _ 13%
3. Multimarket Funds _ 4%
4. Gold and Dollar _ 7%

The risk of this application is medium and the initial investment can be made from R$1.

#Nu Potential Selection

To achieve better results, this fund prioritizes stocks, as they are more sensitive to market fluctuations. 

Therefore, 16% of the investment is invested in stocks, while 64% is invested in fixed income and the remainder is distributed among Multimarket Funds, gold and dollar.

The risk of Nu Seleção Potencial is considered high. You can invest from R$1, and redemption can take 3 to 4 business days.

The current scenario for these investments in the account is not very good. In the app, we can monitor the evolution of each fund and all of them have suffered a considerable drop in the last 30 days.

In fact, leaving the money in the digital account will be more advantageous, as it will yield 100% of the CDI after 30 days.

So, it was worth finding out how much does 1000 reais yield at Nubank per month.

However, if you want better investments, for example, CDB, you will need download the Nu app Invest, it is certainly the best option at the moment. 

Conclusion

In this text, you learned about some investments available in the Nubank digital account, and also discovered how much does R$1000 yield in the Nubank digital account. 

If you want to earn higher returns, learn about the investments available on the Nu Invest platform. 

Remember, past performance is no guarantee of future returns. And the current scenario for Nubank account investments proves this.  

Keep following the news from our blog to stay up to date with everything that happens in the Financial Market.