Overdraft money is more expensive on the market, says economist
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Gladys Ferraz Magalhães
SAO PAULO - "The overdraft is money more expensive than the financial market, and should only get it who have no other way out." The alert is professor da UnB (Universidade de Brasília), Roberto Piscitelli, and goes against the recommendation of Procon-SP for consumers keep an eye on interest rates and do not rush in making loans unnecessary.
The reason for such concern is due to the fact that the Central Bank (ECB) announced last Saturday (9) on its website, the table of interest charged by financial institutions, between 20 and 27 April, showing that bank fees are not keeping pace with the falling rate.
The period is prior to the date of the third reduction in the benchmark interest rate this year, lost more than one percentage point in 29 days, from 11.25% to 10.25% per annum. However, despite the Selic have lost 3.5 percentage points from January to April, with interest in banking was not the same, and, in particular check, for example, the deceleration was 0.30 percentage point between December the fourth month of the year, far from reducing the rate.
Interest
Taking the top ten financial institutions in the country, it appears that the overdraft with lower interest rates is the Federal Savings Bank, 6.28% per month, equivalent to 61.27% of the Selic rate now. Since the highest are charged by ABN Amro Real (9.14%) and Santander (9.26%), second published by the Brazil.
The values for the personal credit are not low, ranging from 2.23% per month (Savings) to 5.79% per month (Safra) and may exceed 15% in some financial institutions such as Cetelem Brazil (22% ) and conjunto (18.99%).
For the purchase of vehicles and funding for electronics goods, the variations, respectively, are as follows: 1.49% Box for 2.56% of the harvest, and 1.75% in Santander to 4.07% at HSBC .
Source: InfoMoney
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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