Since its founding in 2013, Nubank has established itself as one of the pioneers in the digital banking market in Brazil and one of the most valuable financial institutions in Latin America. Part of its success is due to constant innovation and a commitment to financial education, exemplified by the introduction of “Nubank Boxes”.
Nubank's Caixas are a financial organization tool designed to help users save money in a structured and personalized way, aiming to achieve specific goals. These boxes work like electronic piggy banks, allowing users to separate funds for different goals, with the flexibility to make deposits and withdrawals whenever they want.
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What are Nubank's Caixas?
Nubank's Caixas differ from traditional piggy banks in that they allow you to earn some income on the money saved. Users can set up several Caixas, each with a specific purpose, whether it's for an emergency fund, renovating your home, focusing on your career, fulfilling a dream purchase or even for a planned trip.
Therefore, the main advantage is customization: each user can create as many boxes as they want, establishing specific values for each objective and deciding when and how much money to allocate to each one.
Does the money yield in the Caixa?
Yes, the money in Nubank's Caixas can yield interest. Just like the balance in a regular Nubank account, the money in the Caixas has the possibility of yielding interest. For Caixas with the option of immediate withdrawal, the yield is 100% of the CDI.
For those with a specific redemption date, the yield can be higher than 100% of the CDI over time. Thus, this flexibility of choice between immediate or planned liquidity, combined with the possibility of yield, makes Caixas an attractive option.
In addition, Nubank also offers other investment options, such as CDBs and Tesouro Direto, in addition to the 100% CDI yield for amounts held in the account for 30 days.
In other words, this investment model is suitable for those looking for simpler options to save money.
Image: Disclosure/Nubank
