What is Treasury Direct?
Treasury Direct is a Brazilian government program that allows anyone to lend money to the government and receive interest in return. It’s like the government is borrowing money from you and paying you back with interest.
Types of securities
Treasury Selic (LFT)
- Yields the Selic rate
- Daily liquidity (can redeem whenever you want)
- Ideal for: emergency reserve
- Risk: virtually zero
Treasury IPCA+ (NTN-B)
- Yields IPCA + fixed rate (e.g. IPCA + 6%)
- Protects against inflation
- Ideal for: retirement, long term
- Risk: may vary if sold before maturity
Treasury Fixed-Rate (LTN)
- Fixed rate defined at purchase (e.g. 12% per year)
- You know exactly how much you’ll receive at maturity
- Ideal for: when you believe interest rates will fall
- Risk: if Selic rises, your security loses market value
How to invest?
- Open an account with a brokerage firm (zero fee for most)
- Access the Treasury Direct website
- Choose the security that suits your goal
- Invest from R$ 30
Costs
- B3 custody fee: 0.20% per year (exempt up to R$ 10,000 in Treasury Selic)
- Regressive IR: 22.5% (up to 180 days) to 15% (over 720 days)