Brazilian investors weigh high‑yield CDI products as Selic falls to 14%

Banco Digimais has been marketing fixed‑income titles advertised at 135% of the CDI, which translates to about 19.2% annual return given the current 14.25% Selic rate. The high yield reflects a discount on previously issued securities and carries the risk that investors could lose money if the bank fails, with the FGC covering only up to R$250,000 per institution. Founder Edir Macedo recently injected roughly R$1.5 billion into Digimais to shore up its capital.

Following the Central Bank’s 0.25‑point cut to a 14% Selic, the reference CDI fell to around 13.9% per year. An InfoMoney analysis identified 13 listed companies whose dividend yields exceed the CDI, led by Syn Prop Tec (63.3% yield) and Grendene (42.8%). Most of these yields are driven by one‑off events such as asset sales or extraordinary payouts, and only three of the stocks belong to the Ibovespa index.