Which Bank Yields the Most in CDI? Complete Guide to the Best Returns in 2024

The Search for the Best Return Beyond Savings Accounts

If you’re wondering which bank yields the highest CDI in 2024, the answer is more complex than it seems. There is no single winner, but rather different profitability strategies offered by Brazilian digital banks. While traditional savings accounts offer only 7.41% per year, the fintech industry has evolved significantly, presenting alternatives that can yield up to 113% of the CDI.

The central question is not just which bank yields more, but understanding how these structures work and which one best fits your investor profile. In recent years, digital banks have transformed how Brazilians invest their resources, offering simple tools and competitive returns directly via mobile phones.

Why CDI Outperformed Savings as the Preferred Choice

The Interbank Deposit Certificate (CDI) functions as the reference rate of the Brazilian financial market, closely tracking the Selic rate. While savings accounts use a fixed formula based on 70% of the Selic plus the Referential Rate (which has long remained zero), the CDI is recalculated daily, reflecting actual market movements.

This difference has a direct impact on your wallet. An account offering 100% of the CDI generates approximately 10.40% per year when compared to the 7.41% of the savings account. But this is just the base. Many digital banks have recognized this opportunity and started offering percentages above 100%, creating a competitive scenario where the question “which bank yields more CDI?” has become the most important for attentive investors.

The daily update of the CDI, contrary to the monthly calculation of savings, also offers a psychological and practical advantage: you see your money grow continuously, day after day, unlike savings accounts that only update on the deposit anniversary.

The Leaders in Profitability: Who Offers the Highest Returns

When analyzing which bank yields more CDI, some institutions stand out for their aggressive offers:

Neon Leading with 113% of CDI

Neon positions itself as the most ambitious digital bank in terms of profitability. Its model starts at 100% of the CDI and increases progressively every six months, reaching a maximum of 113% of CDI after two years of retention. This structure encourages capital retention, rewarding loyal customers with higher returns.

99Pay: A Surprising Alternative with Up to 110% of CDI

Originating from a mobility platform, 99Pay offers up to 110% of CDI for balances up to R$5,000. Above this amount, the profitability follows a mixed structure. The competitive difference of 99Pay goes beyond numbers: it offers cashback on rides and mobile top-ups, adding real value to the user.

Mercado Pago with 105% of CDI for Meli+ Subscribers

At Mercado Pago, which bank yields more CDI can vary depending on your status. Any customer receives at least 100% of CDI, but those who subscribe to the Meli+ program and maintain monthly deposits from R$1,000 earn 105% profitability. This segmented strategy attracts different user profiles.

The Intermediate Scenario: Solid Options Between 100% and 105% of CDI

Besides the leaders, other digital banks offer consistent returns that still significantly outperform savings:

Nubank: Solid with 100% of CDI and Daily Yield

Nubank uses its own structure to offer 100% of CDI through its payment account, not as a checking or savings account. The key difference is in frequency: the yield is credited every business day starting from the 31st day, not just once a month like in savings accounts. In a simulation, R$1,000 invested for 24 months generates R$204.12 in earnings.

PicPay: Offering 102% of CDI with Extra Features

Founded in 2012, PicPay provides 102% of CDI with an interesting feature: “Piggy Banks” allow organizing savings by customized categories. Its own simulator shows that R$1,000 in 24 months would yield R$204.12, just slightly above the savings account which would generate R$129.29.

PagBank and Iti: Offers of 100% of CDI with Different Approaches

PagBank, offered by PagSeguro, makes its “Renda Account” available with 100% of CDI for balances held for more than 30 days. Meanwhile, Iti, from Itaú, offers the same percentage through the “My Goals” feature, a system similar to Nubank’s piggy banks that works from the first business day.

Banco PAN: Progressive Structure Rewarding Loyalty

Banco PAN adopts a different approach: balances starting at R$30 begin with 10% of CDI for the first 30 days, then evolve to 100% of CDI. Without a maximum deposit limit, this structure encourages smaller initial deposits while offering full profitability later.

Comparative Table: Visualizing Which Bank Yields More CDI

Understanding the CDI Mechanism: Why It Works Better Than Savings

The CDI represents the average interest rate practiced in loans between financial institutions. Its daily update makes it more responsive to economic changes. When a bank offers 100% of CDI, you receive exactly that rate. When it offers 113% like Neon, you receive 13% above it.

In periods of high Selic, these percentage differences translate into substantial amounts. An investment of R$10,000 at 113% of CDI yields significantly higher returns than in savings, depending on the duration.

Long-Term Analysis: Maximizing Your Gains

When deciding which bank yields more CDI for your specific goals, consider the time horizon. If you plan to keep the money for more than two years, Neon offers a progressive advantage. For those seeking immediate profitability with additional benefits, 99Pay combines return with practical cashback.

Flexibility is another factor. Nubank and PicPay allow organizing resources into categories, facilitating specific investment goals. This turns profitability into a financial planning tool, not just passive gains.

Conclusion: The Ideal Choice Depends on Your Profile

Which bank yields more CDI has no single answer because the best option varies according to your needs. Neon leads in pure profitability with 113% of CDI. But if you value collateral benefits, 99Pay offers cashback. For conservative investors preferring traditional digital institutions, Iti and Nubank provide security with 100% CDI.

In 2024, leaving money in a conventional savings account means missing out on real earning opportunities. Digital banks have set a new standard, transforming traditional checking accounts into investment instruments. The question is no longer “should I invest?” but “which institution offers the best return for my profile?”

With the Selic rate at competitive levels, each 1% above 100% of CDI means dozens or hundreds of reais additional per year. Therefore, taking the time to compare which bank yields more CDI is an investment in itself, capable of significantly optimizing your financial returns.