Which bank yields the most in 2024? Comparison of digital accounts above savings

Digital Brazilian accounts have transformed the way Brazilians invest their money. But the real question is: which bank yields the most? The answer depends on how much you are willing to keep invested and for how long. While savings accounts offer only 7.41% per year, several institutions provide options that significantly surpass this return.

The Mechanism Behind the Yields: Understanding the CDI

Before comparing which bank yields the most, it is essential to understand the CDI (Interbank Deposit Certificate). It is an indicator that reflects the average short-term loan rate between financial institutions, directly linked to the Selic rate. Unlike savings, which calculates earnings monthly on the deposit anniversary, the CDI updates daily. This explains why an account with 100% of the CDI generates approximately 10.40% per year – a clear advantage over traditional savings methods.

Products like CDB (Bank Deposit Certificates) and LCI (Real Estate Credit Letters) use the CDI as a reference. When an institution promises 105% or 110% of the CDI, it means it offers an even higher yield than the rate itself.

The Top 8 Digital Banks: Which Yields More?

Leadership in Yield: Neon (up to 113% of the CDI)

Among the options available in 2024, Neon stands out as the one offering the highest profitability. Starting at 100% of the CDI, the yield increases progressively every six months, reaching 113% after two years of permanence. The longer the money stays in the account, the lower the deducted rate and the greater the accumulated benefit.

99Pay (up to 110% of the CDI) and Mercado Pago (up to 105% of the CDI)

Next are 99Pay and Mercado Pago. 99Pay offers up to 110% of the CDI for balances up to R$ 5,000, in addition to cashback on rides and recharges. For larger amounts, the yield drops to 80% of the CDI. Mercado Pago guarantees at least 100% of the CDI, reaching 105% for Meli+ subscribers who maintain a minimum monthly balance of R$ 1,000.

Stable Yield: Nubank, Pagbank, Iti, and PicPay (100% to 102% of the CDI)

Nubank, Pagbank, and Iti offer 100% of the CDI automatically. Nubank’s differential is updating the yield daily starting from the 31st day, applying resources in Federal Public Securities. Iti, part of the Itaú group, allows organizing savings in “My Goals” from the first business day. PicPay offers 102% of the CDI, enabling the creation of “Piggy Banks” to categorize savings – a simulation shows that R$ 1,000 invested for 24 months would yield R$ 204.12 versus R$ 129.29 in savings.

Entry into the Market: Banco PAN (100% of the CDI)

Banco PAN completes the list, offering 100% of the CDI for any balance starting at R$ 30. During the first 30 days, the yield is only 10% of the CDI, increasing to 100% in subsequent periods.

Which Bank Yields More Depends on Your Goals

The answer to which bank yields more is not universal. For those prioritizing maximum profitability without time limits, Neon (113% of the CDI) is unbeatable. For urban mobility with additional benefits, 99Pay combines high yield with cashback. If you value flexibility and goal organization, Nubank and Iti offer robust experiences.

Profitability Comparison

The overall table of yields shows considerable variation: from 100% to 113% of the CDI. Converting to approximate annual percentages:

• Neon: up to 11.70% per year
• 99Pay: up to 11.40% per year
• Mercado Pago: up to 10.85% per year
• PicPay: up to 10.55% per year
• Nubank, Pagbank, Iti: 10.40% per year
• Banco PAN: 10.40% per year
• Traditional savings: 7.41% per year

Why Choose a Digital Account Instead of Savings?

Savings accounts use a fixed formula (70% of the Selic plus the Referential Rate), with monthly updates. Digital accounts linked to the CDI offer daily updates, resulting in more significant compound gains. Additionally, many digital banks include extra features: savings organization, cashback, no additional fees.

Conclusion: 2024 is the Year of Digital Accounts

Determining which bank yields the most requires personal analysis of your needs. If the goal is to maximize pure return, Neon leads with 113% of the CDI. For integrated experiences with additional benefits, Nubank and 99Pay offer balance. In a scenario of high interest rates, abandoning savings for digital accounts is not only advantageous – it’s strategic. The difference between 7.41% (savings) and 11.70% (Neon) represents hundreds of reais each year in moderate investments.

Digital accounts have emerged as the protagonists of Brazilian financial education in 2024, offering flexibility, superior yields, and innovative features that traditional savings cannot keep up with.