Which Bank Yields the Most in 2024? Digital Accounts Outperform Savings with CDI

Brazilian digital banks are transforming the way investors save money. Unlike traditional savings accounts, these platforms offer accounts with automatic yields linked to the CDI, providing significantly higher returns. For those seeking a bank that yields more, the answer lies in these digital accounts that combine simplicity with profitability.

Why Leave the Savings Account?

Keeping resources idle in a savings account is no longer a smart option in 2024. The current savings yield — 7.41% per year plus the Referential Rate (TR), which is zero — falls far behind the alternatives available in digital banks.

A digital account that yields 100% of the CDI for balances held for more than 30 days generates an annual return of approximately 10.40%. The difference may seem small in percentage, but it represents substantial gains when applied to medium and large amounts.

How Does the Yield in Digital Accounts Work?

The CDI (Interbank Deposit Certificate) is the reference rate of the Brazilian financial market. It represents the average interest rate on short-term loans between banking institutions and is directly linked to the Selic rate.

While savings accounts use a fixed formula — 70% of the Selic plus TR — and update yields only once a month (on the deposit’s anniversary), the CDI is recalculated daily. This frequent update allows investments tied to the CDI to better follow economic fluctuations.

When a product offers more than 100% of the CDI, it means a return higher than savings, especially during periods of Selic rate increases.

8 Digital Accounts That Offer the Best Return

1. Nubank: 100% of the CDI since the First Month

The country’s largest digital bank structures its payment account differently. The deposited money is automatically invested in Federal Public Securities. Unlike savings, the yield occurs on all business days after the 31st day, not just once a month.

2. Neon: Up to 113% of the CDI

Neon offers a progressive yield model. The profitability starts at 100% of the CDI and gradually increases every six months, reaching 113% after two years of retention. The longer the investor keeps the resources, the lower the rate deducted from the gains.

3. PicPay: Up to 102% of the CDI

Since its founding in 2012, PicPay stands out for its “Piggy Banks” feature — organizers of savings by customized categories. Money yields 102% of the CDI on all business days. A practical simulation shows that R$ 1,000 invested for 24 months generates R$ 204.12, compared to R$ 129.29 in savings.

4. Pagbank: 100% of the CDI Automatic

Pagbank, the financial services platform of PagSeguro, offers the Rendeira Account with automatic yield of 100% of the CDI on the balance that remains for 30 days.

5. Mercado Pago: Up to 105% of the CDI

In Mercado Pago’s account, all resources yield at least 100% of the CDI. Customers who subscribe to the Meli+ (loyalty program) and maintain a monthly balance of R$ 1,000 can reach 105% of the CDI in their reserves.

6. 99Pay: Up to 110% of the CDI

The digital wallet of the mobility app 99 offers a differentiated yield structure. Balances up to R$ 5,000 yield up to 110% of the CDI. Above this amount, the combination is 80% of the CDI for excess values plus 110% for the first R$ 5,000. An additional advantage: 99Pay pays 110% of the CDI every day of the week, including weekends, while other wallets yield only during business hours.

7. Iti: 100% of the CDI since the First Day

Iti, from Itaú, features the “My Goals” functionality that allows organizing financial objectives by separating money into categories. The 100% of the CDI yield applies from the first business day of the deposit.

8. Banco PAN: 100% of the CDI after 30 Days

At Banco PAN, the profitability is 10% of the CDI in the first 30 days and rises to 100% of the CDI in subsequent months. A minimum balance of R$ 30 is required, with no maximum limit.

Key Differences Between CDI and Savings

Savings accounts operate with a fixed yield based on the formula: 70% of the Selic + TR. The update occurs only monthly, tied to the deposit’s anniversary. This creates periods of up to 30 days where the money does not generate returns.

The CDI works continuously, with daily adjustments reflecting real market conditions. For investors seeking a bank that yields more, this accumulated difference over time results in significant gains.

Additional Benefits Beyond Yield

Many digital accounts offer functionalities that savings accounts do not provide. Notable features include: financial goal organizers, cashback on purchases, weekend and holiday yields, and flexible transactions without penalties.

Which to Choose in 2024?

The choice depends on the investor’s profile. Those seeking maximum profitability with patience find better results in Neon (113% of the CDI). For those prioritizing daily access and simplicity, Nubank and Iti offer 100% of the CDI with intuitive interfaces.

In a scenario of high interest rates, maximizing returns on savings is an essential strategy. The digital accounts that yield more represent a significant evolution compared to traditional savings, offering not only better profitability but also features that adapt to modern investment and financial management needs. The bank that yields more for your specific profile is certainly among these digital options.