Nubank launches Caixinhas for investments and changes digital account; understand

O Nubank launched, this Monday (11), a new resource for its customers to invest through its applications. Call of Little boxes, the function promises to help customers save money according to their goals, offering a more organized and personalized way to do so. Thus, it will be possible to keep an investment with more liquidity (easy to withdraw) in an emergency reserve box, while another less liquid would be for resources for potential trips, for example. The company also introduced changes to the automatic account income system.

In a practical way, the client will be able to create "boxes" with names such as "holiday trip", "new car", "own house", and even put a photo related to each one of them, which tends to make the act of keeping more attainable money, especially for beginners in the investment world. “The boxes have investment possibilities suggested by Nubank, according to the objectives and the deadline pre-established by the client, but with freedom of choice among the available options”, said the digital bank in a press release.

Behind the boxes Nubank there will be RDBs (fixed income securities guaranteed by the Credit Guarantee Fund) with a yield of 100% of the CDI (an indicator that follows the Selic rate) and immediate liquidity (Emergency Reserve box) or daily (other boxes). Another possibility is to create a fund that will have resources invested in a fixed income fund, called Nu Reserva Imediata, and with the possibility of a return above the Selic rate over time.

According to the fintech, the tool will begin to be made available to some customers throughout July and should reach the entire base by the end of September. To check if you already have access to the new feature, make sure you have your app updated to the latest version through your smartphone's app store.

How will Nubank Boxes work?

1. If your app has organization tabs at the bottom, tap the planning tab, at “$” icon. The Boxes button will be there. If not, the Boxes button will be on your home screen, look for the icon and tap on it;
2. Touch “Start saving”;
3. On the next screen, you will have the option to create the first Caixinha or start with another objective such as: taking a trip, renovating the house, focusing on career, my dream of consumption and emergency reserve;
4. When selecting a theme, just create the name you want for your Box or leave the name suggested by Nu;
5. Then answer in how long do you want to achieve this goal and proceed on the purple arrow;
6. On the next screen, answer how much you want to save now and put a value. At this moment, the available balance will appear in your Nubank account. The amount must be greater than BRL 1 (one real). When filling, it continues on the purple arrow;
7. On the next screen, it is essential to read the information on how it works. If you want to understand better about the selected product, tap the “Learn more” button;
8. So if you have agreed to the conditions, tap the “Confirm” button.
9. Lastly, type your password and ready!

Digital account changes

Along with the arrival of Caixinhas, the Nubank also announced changes in the functioning of its digital account. Now, the balance of new deposits in the Nu Account will start to yield only from the 30th day onwards, as with savings. Currently, the money stored in the bank earns 100% of the CDI from the first day of application, although it is subject to IOF in this period. The change generated a flurry of criticism on social networks, as it starts to reduce net profitability in this interval.

According to fintech, with the new rule, on the 31st day the customer will receive the total yield of 100% of the CDI for the 30 days, as if he had been earning since the first day. However, as of the 31st day, the amount deposited returns to yield on every working day, unlike savings, which always remunerate every 30 days and yield less than the CDI. The bank also explains that this applies exclusively to the balance of new deposits. In other words, the amounts deposited before this change will continue to earn 100% of the CDI rate every business day.

O Nubank informed that the change occurs, at first, for a small customer base, starting on July 25, and will be implemented in phases, with release to the entire customer base in Brazil, gradually.

See also:

Another service offered by Nubank is your insurance that offers protection against theft, theft and accidental damage to cell phones. Check out how it works and how you can hire it.

Source: Nubank.