How to make your money work at Banco Inter?

How to make money work at Banco Inter is a question that customers of this institution have. This bank offers exclusive conditions for current and savings accounts. Check them out below. 

How to make money work at Banco Inter

The how to make money work at Banco Inter is simpler than most people think. The institution offers current and savings accounts, each with its own characteristics and advantages. 

In principle, there is no minimum limit for investing in a savings account. In other words, customers can start with any amount. One of Banco Inter's biggest advantages is that it is one of the only institutions to offer this savings account. 

In general terms, the numbering of the Inter savings account will be the same as the current account. The only difference is the additional number added in the first case. This way, customers can add funds directly to the account by simply using the code. 

What is Banco Inter

Banco Inter is known as the first fintech launched in Brazil. Today the bank is considered one of the most popular on the digital scene. To open an account with the financial institution, download the platform on Android or iOS. 

In an increasingly competitive market, customers are more demanding. For this reason, companies create exclusive benefits for users, such as special discounts, insurance and financing, as well as investment alternatives. 

Fintechs are gaining more and more ground in the financial market. After all, as well as being able to open a digital account, consumers can easily acquire credit and debit cards. 

To invest in Banco Inter, you need to have an account. On the other hand, if you are already a client of the financial institution, the application procedure is simpler than you might think. Check it out below:

Step by step to invest in Banco Inter

As mentioned above, to start investing with Banco Inter, you just need to have an account with the institution. The application procedure is simpler than most people think. Check it out: 

1. First, access the official platform and then click on the following option that will appear on the "Invest" screen; 

2. On the next page, a dashboard will be displayed to account holders. At the top of the page, you can find quick buttons, click on the "Invest" option;

3. The platform will show you the investment options available. One example is fixed-income securities;

4. When you click on the desired investment, the page will show you a series of securities to invest in through Banco Inter. To explore more options, simply slide your finger upwards. If you want to improve your search, filter your results;

5. Below these buttons, users can see deadlines for redeeming the money in the future. 

The app will show you the name of each bond, as well as the yield, the bank and the issuing company. If you want to see more details about the investment, click on one of the bonds. 

All the information about the titles will be available at the bottom of the page. Once you've assessed all the details, go back up the page. In the "How much do you want to invest?" option, enter the amount you want to invest. To confirm your action, click on "Invest". 

How to start investing money in Inter's savings account

Once the account opening process is complete, customers can start investing in the different securities available. But in order to start investing, it is necessary to have bank funds, which can be added through the step-by-step process mentioned above. 

The entire procedure is done online, via the financial institution's official app on your smartphone. Once you have chosen "Application" and "Savings", enter the amount to be deposited. It's worth noting that the application date will be the day of your birthday and will mark the 30 days to count the profits. 

How to redeem amounts invested in a savings account 

The procedure for redeeming the amounts invested in your Banco Inter savings account is simple. In addition, customers can do this directly from the app. 

To make the redemption, select the "Investments" option in your app, then enter the savings option and then "Redeem". Enter the amount you want to redeem and it will be transferred to your current account. 

As mentioned above, the income from the amounts invested is only recorded on the anniversary date. In other words, after 30 days from the date you invested the amount, it will start to yield. 

How Inter's savings account yields

The return on the amount invested in Inter's savings account depends on the Selic rate. In other words, the basic interest rates. See below:

• When this rate is below or equal to 8.5% for the year, it means that the return will be 70% of the prime rate; 

• On the other hand, when this rate is above 8.5%, the return is 0.5% per month, in addition to the reference rate below zero. 

It's worth noting that this percentage is applied to the balance in the savings account. In this sense, the more money is invested, the more customers tend to earn. 

Even if this sounds good at first, it's important to note that savings do not outpace inflation, and other investments are currently more profitable. 

How to open an account with Banco Inter

The procedure for opening an account with Banco Inter is entirely online, both for current and savings accounts. To start investing in the company's passbook, the first step is to open a free digital account. 

As soon as they open an account with the financial institution, customers have a range of free services available to move their income around. With a free digital account, the transfer options are classic, such as TED, DOC and PIX. 

What's more, customers don't have to pay any fees to make bank transfers. With a credit card with no annual fee, the procedure for opening your account is simple and practical. Check it out below:

1. Download Banco Inter on your smartphone, available free of charge for Android and iOS;
2. Open the platform and click on "Open a free account";
3. Fill in all the required information correctly and send photos of the documents requested.

That's it. Now you have to wait for approval.