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Brazil Savings Accounts See R$9.65 Billion Net Withdrawal in October

The central bank reports the balance slid to R$1.007 trillion despite R$6.441 billion in monthly earnings.

Overview

  • Deposits totaled R$351.922 billion in October, while withdrawals reached R$361.574 billion, producing the negative balance.
  • Year to date through October, savers pulled a net R$88.1 billion, the largest outflow since 2023.
  • The outstanding stock fell from R$1.01 trillion in September to R$1.007 trillion, versus R$1.019 trillion a year earlier.
  • Earnings credited to accounts were R$6.441 billion in the month, up 16.6% from a year earlier, bringing 2025 gains to R$63.1 billion.
  • October marked the fifth consecutive year in which withdrawals exceeded deposits for the savings modality.