Tesouro Direto is a mechanism for lending money to the federal government aiming to settle its public debts and to finance activities such as education, health and infrastructure in the country. In exchange, investors receive amounts indexed to the basic interest rate, inflation or a fixed amount.

In other words: by lending money to the government, you will get your money back plus interest accruing during the invested period.

Advantages:

- Availability: You may invest in Tesouro Direto on a daily basis, from 9:30 a.m. to 6:00 p.m.

- Security: These bonds offer the highest security in the market, as they are guaranteed by the National Treasury, a body of the Ministry of Economy.

- Fees and taxes: Regressive income tax rate:

22,5% on income of investment held up to 180 days;

20% on income of investment held up from 181 to 360 days;

17,5% on income of investment held up from 361 to 720 days;

15% on income of investment held up longer than 720 days.