Which Bank Yields the Most in 2024: The Complete Guide to the Best Digital Banks

The search for where to invest money with the best return has led many Brazilians to ask: which bank yields more than the savings account? The answer lies in digital banks, which have been revolutionizing the financial market with accounts that offer returns linked to the CDI, significantly higher than the modest 7.41% annual yield of traditional savings.

Why are digital banks on the rise

Digital banks have gained ground in the Brazilian market not only for their convenience and simplicity in user experience but mainly for the opportunity to make money grow automatically through apps. Which bank yields more is an increasingly common question among investors seeking to optimize their savings without complications.

The fundamental difference lies in how the return is calculated. While savings accounts offer a fixed return only once a month, on deposit anniversary dates, many digital banks credit earnings every business day, creating a more advantageous compound interest effect.

The leaders in profitability: which bank yields more?

Neon in focus: up to 113% of the CDI

When discussing which bank yields more, Neon often appears at the top of comparisons. The platform offers a tiered system where the initial yield is 100% of the CDI, but increases every six months until reaching 113% of the CDI after two years of the capital remaining invested. This structure encourages investors to keep the balance in the account for longer periods, rewarding financial discipline.

99Pay: competitive yields of up to 110% of the CDI

99Pay, the digital platform of the mobility app 99, offers an interesting proposition for those seeking which bank yields more. Balances up to R$ 5,000 reach 110% of the CDI, and the big advantage is that these earnings are credited daily, including weekends. Additionally, the service offers cashback on rides and mobile top-ups, adding value beyond pure returns.

Mercado Pago: flexibility with up to 105% of the CDI

Mercado Pago’s digital account presents a democratic approach: any user automatically earns at least 100% of the CDI. However, for those who subscribe to the Meli+ (Mercado Livre loyalty program) and maintain monthly deposits of R$ 1,000 or more, the yield increases to 105% of the CDI.

Pagbank and Iti: the solidity of 100% of the CDI

When it comes to which bank yields more with stability, both Pagbank and Iti appear as reliable options. Pagbank, linked to PagSeguro, offers the Conta Rendeira with 100% CDI automatically on balances over 30 days. Meanwhile, Iti, the digital platform of Itaú, provides 100% of the CDI from the first business day in the “Minhas Metas” feature, a tool that allows organizing savings by goals.

PicPay: practical analysis with 102% of the CDI

PicPay, operating since 2012, offers a return of 102% of the CDI with a particular feature: it allows creating “Piggy Banks” to categorize savings. A practical example: R$ 1,000 invested for 24 months on this platform would generate R$ 204.12 in earnings, compared to R$ 129.29 in the savings account – a 58% difference in favor of the digital bank.

Nubank and Banco PAN: inclusion and accessibility

Nubank, one of the largest digital banks in the country, offers 100% of the CDI through a payment account where the money is invested in Federal Public Securities. The difference lies in the daily calculation of earnings after the 31st day of deposit.

Banco PAN complements this offer with a tiered structure: in the first 30 days, it yields 10% of the CDI, and after that period, it increases to 100% of the CDI. The key advantage is accessibility – the minimum balance required is just R$ 30.

Understanding the CDI: what makes it better than savings?

The CDI (Interbank Deposit Certificate) functions as a benchmark rate that closely follows the Selic rate. Unlike savings, which have a fixed yield (70% of the Selic plus the Referential Rate), the CDI is recalculated daily, reflecting real-time changes in the financial market.

This constant update of the CDI explains why accounts that yield above 100% of the CDI significantly outperform savings, especially in scenarios where interest rates are rising. While savings offers 7.41% annually, a digital bank offering 100% of the CDI provides approximately 10.40% annually – a 40% difference in returns.

Which bank yields more: beyond the numbers

The answer to which bank yields more goes beyond percentages. It’s necessary to consider:

Additional features: Many digital banks offer resources such as goal organization, cashback on transactions, or access to additional investments through the app.

Ease of withdrawal: Most allow immediate withdrawal without lock-in periods or administrative fees.

Security and reliability: All mentioned platforms are regulated and covered by the FGC (Credit Guarantee Fund).

Scalability of returns: Some increase their yields over time (like Neon and 99Pay), while others maintain fixed rates (like Nubank and Pagbank).

Conclusion: which bank yields more for your profile?

In 2024, the diversification of investment options in digital banks allows each person to find the most suitable solution for their profile. For those prioritizing maximum returns and able to keep money invested long-term, Neon with its 113% of the CDI is unbeatable. For those seeking a balance between yield and accessibility, Nubank and Pagbank offer security with 100% of the CDI. For users of mobility or e-commerce platforms, 99Pay and Mercado Pago combine returns with additional benefits.

The question of which bank yields more does not have a single answer – it depends on how much you plan to invest, for how long, and which additional features add value to your financial life. What is certain is that leaving money idle in traditional savings in 2024 represents a loss of real profitability, especially when secure and accessible alternatives yield 40% to 50% above the savings account.