Which Digital Bank Yields the Most: Complete 2024 Comparison

If you are looking for which bank currently yields the most, the answer lies in digital accounts that offer returns linked to the CDI. Good news: these platforms can generate returns up to 113% higher than traditional savings.

Why Digital Banks Outperform Savings Accounts

Leaving funds idle in traditional accounts has become synonymous with losing purchasing power. While savings accounts provide only 7.41% per year, plus the Referential Rate (currently zero), modern digital accounts operate differently.

The key difference is in the CDI (Interbank Deposit Certificate), which reflects the average interest rate practiced among financial institutions. Unlike savings, which is updated monthly on deposit anniversaries, the CDI is recalculated every business day, offering more frequent and advantageous gains.

A digital account that offers 100% of the CDI yields approximately 10.40% per year. Some platforms go further, reaching 113% of the CDI, which represents a significant gain compared to the 7.41% of traditional savings.

The Highest Yields: Which Bank Yields the Most in 2024

Neon: 113% of CDI – The Highest Rate in the Market

Among the available options, the bank that yields the most is Neon. The platform starts offering 100% of the CDI, but the rate gradually scales. Every six months without withdrawals, the percentage increases until reaching 113% of CDI, achieved after two years of resource retention.

This structure encourages investors to keep their capital deposited, rewarding discipline with increasingly attractive rates.

99Pay: 110% of CDI – Flexibility with High Yield

99Pay offers up to 110% of CDI for balances up to R$ 5,000. Above this amount, it combines different rates, generating 80% + 110% depending on the balance. A key feature: the yield works every day, including weekends, while other accounts are limited to business hours.

Additionally, it offers cashback on rides and mobile top-ups, adding value beyond pure returns.

Mercado Pago: 105% of CDI with Loyalty Program

At Mercado Pago, the question of which bank offers the most advantages includes this platform. The minimum offered is 100% of CDI for any account holder. However, subscribers of Meli+ who deposit R$ 1,000 or more monthly reach 105% of CDI.

Iti: 100% of CDI with Goal Organization

Iti, the digital bank of Itaú, offers 100% CDI for funds linked to the “My Goals” feature. The difference is that the yield starts from the first business day, eliminating waiting periods.

Detailed Comparison of the 8 Main Digital Accounts

1. Nubank – 100% of CDI

Nubank positions itself as one of the largest digital banks in the country. Its payment account (unlike checking or savings accounts) invests resources in Federal Public Securities. Unlike savings, which yields once a month, here the return occurs every business day after the 31st day of the initial deposit.

2. PicPay – Up to 102% of CDI

Founded in 2012, PicPay allows organizing savings into “Piggy Banks” – customized categories for different goals. The yield of 102% of CDI is applied daily. A practical simulation: R$ 1,000 invested for 24 months generates R$ 204.12 versus only R$ 129.29 in savings – nearly 58% difference.

3. PagBank – 100% of CDI

PagBank, the financial services platform of PagSeguro, offers the “Rendable Account”. It works automatically, generating 100% of CDI on balances held for at least 30 days.

4. 99Pay – Up to 110% of CDI

Already mentioned above, it stands out for its flexibility of yield even on weekends.

5. Mercado Pago – Up to 105% of CDI

As previously described, with potential for increase through the loyalty program.

6. Iti – 100% of CDI

The “My Goals” tool offers organization similar to PicPay’s “Piggy Banks”, but with immediate yield start.

7. Banco PAN – 100% of CDI

At Banco PAN, balances from R$ 30 earn automatically every day. In the first 30 days, the yield is 10% of CDI. From the second month on, it rises to 100% of CDI, with no maximum balance limit.

8. Neon – 113% of CDI (Record Holder)

As detailed earlier, it reaches the highest rate in the market.

Understanding the CDI: The Formula Behind the Yields

The CDI functions as a reference rate in the Brazilian financial market, representing the average interest rate on short-term loans between banks. It serves as the basis for calculating returns on CDBs, LCIs, investment funds, and, of course, digital accounts.

Fundamental Differences: CDI versus Savings

Savings follows a fixed formula: 70% of the Selic rate plus the Referential Rate. Its calculation is monthly, updated only on the deposit anniversary.

The CDI, on the other hand, is recalculated daily, allowing more frequent updates. When a product yields above 100% of CDI (such as 113% or 110%), it means it consistently outperforms savings, especially in periods of high Selic.

Which Bank Yields the Most: The Final Decision

If the question is which bank yields the most in pure profitability, Neon leads with 113% of CDI. If the criterion includes flexibility and additional benefits, 99Pay and Mercado Pago offer attractive combinations of high yields (110% and 105% respectively) with cashback and extra conveniences.

The final choice depends on the investor profile: those who can leave capital idle for long periods benefit most from Neon. Users seeking more account movement find better value in 99Pay and its cashback on top-ups.

Conclusion: Maximize Returns in 2024

In 2024, which bank yields the most is no longer an unanswered question. Digital accounts have revolutionized access to higher yields, ranging from 100% to 113% of CDI – a substantial gain compared to the 7.41% annual savings rate.

Besides profitability, these platforms add features like goal organization, cashback on transactions, and withdrawal flexibility. For those willing to understand how the CDI works and its advantages, the potential for maximizing gains is significant.

With interest rates rising, reinventing investment strategies by leaving resources in savings has become an economically questionable decision. Digital accounts with CDI-linked yields emerge as a superior alternative, offering attractive returns and additional benefits that traditional savings do not provide.