65 Percent of Brazilians Saving Money Choose Savings Accounts

The second most common form of saving among Brazilians is to leave money at home, reported 25 percent of respondents. Fear and habit are among the reasons, says research.

By Xiu Ying

RIO DE JANEIRO, BRAZIL - Despite lower yields in comparison to other investments, saving accounts remain the favorite option among Brazilians holding some money. According to a survey by the National Confederation of Store Managers (CNDL) and the Credit Protection Service (SPC Brazil), this is the case for 65 percent of people.

The second most common form of saving among Brazilians is to leave money at home, reported by 25 percent of respondents - even though this is a cause for alarm among specialists for safety reasons. Leaving money in the checking account is the option for 20 percent . . .

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