THE PicPay is one of the most popular financial platforms among Brazilians looking to make their money yield more. Recently, there have been some significant changes to the yield offered by PicPay. In this article, we explain in detail how the account yield works and whether it continues to be a good investment option.
How does PicPay Income work?
Starting with a minimum balance of R$1.00 in your PicPay checking account, your money will earn R$1021.00 of the CDI rate per day. To take advantage of this income, you must complete your registration on the platform and activate the CDB function. Here are the steps:
- On the home page, click on your profile icon in the top left corner.
- Scroll all the way down and click on “Earnings Settings”.
- Make sure the CDB function is active.
This way, all the money received via transfer will remain in your account and earn interest automatically, without the need to invest in specific financial products. In addition, liquidity is immediate, allowing you to transact your funds at any time.
Main Features of PicPay Income
- Good profitability: With a yield of 102% of the CDI, higher than savings.
- Low risk: The resources are invested in CDBs, which are covered by the Credit Guarantee Fund (FGC).
- Very high liquidity: Money can be moved at any time without loss of income.
You can monitor the evolution of your income in the “Statement” tab, as long as it is greater than R$ 0.01.
Recent Changes in PicPay Revenue
Previously, current account balances could be invested in both government bonds and CDBs. However, PicPay is migrating these investments exclusively to CDBs, maintaining the same yield of 102% of the CDI. Another important change is the removal of the yield limitation for balances above R$100,000.00, which previously yielded only 100% of the CDI.
Now, the income only starts to be recorded from the 31st day. On the 31st, the client receives all the accumulated income from the previous month, and from then on, the money starts to yield normally every business day. The maturity of these CDBs will be 3 years, but the institution will probably automatically reinvest your money after this period.
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Is it Worth Investing in PicPay Income?
Currently, there are several investment options with daily liquidity that yield 100% of the CDI. PicPay's differential is its yield of 102% of the CDI with immediate liquidity, allowing you to access your resources whenever necessary. It is not necessary to invest in specific financial products, as the yield is based on the account balance.
It is important to remember that we do not offer purchasing advice or expert opinions. Always consult an Investment Advisor as past returns may not be repeated in the future.
What is PicPay?
PicPay is a digital account that offers several solutions, including payment of bills with credit card, accumulation of points, financial investments, PIX installments, referral program and cryptocurrency trading. With attractive rates and many promotions, PicPay provides a complete experience for its users.
In short, PicPay remains an interesting option for those looking for a combination of good profitability, low risk, and high liquidity. Assess your needs and financial goals to decide if this platform is right for you.
