Which Digital Banks Yield the Most in 2024: The Complete Guide to the Best Alternatives

Why Abandon Traditional Savings?

Leaving funds idle in savings accounts is a thing of the past. With inflation eroding purchasing power and interest rates still relevant in the market, seeking alternatives that maximize your gains is no longer a luxury but a necessity. The banks that currently offer the highest returns provide solutions far more attractive than the traditional savings account, which yields only 7.41% per year plus the Reference Rate (currently zero).

Good news? Several digital institutions are structuring accounts with automatic returns backed by the CDI, creating a practical and accessible entry point for those looking to boost their earnings without complications.

Understanding the CDI: The Heart of the Best Yields

Before exploring the banks that yield the most, it’s essential to understand how the CDI (Interbank Deposit Certificate) works. It is a reference rate representing the average cost of short-term operations between financial institutions, updated daily and reflecting market movements more accurately than traditional savings.

While savings use a fixed formula based on 70% of the Selic rate plus the TR (updated monthly), the CDI allows daily profitability. When a product offers 100% of the CDI, it means you fully capture the variations of this rate. When it exceeds this percentage—such as 105% or 113%—the yield becomes even more generous.

In practice: an account offering 100% of the CDI generates approximately 10.40% per year, nearly 3 percentage points above conventional savings.

The 8 Digital Banks That Yield the Most in 2024

Nubank: Pioneer in Accessible Returns

The country’s largest digital bank offers a simple solution: its payment accounts invest in Federal Public Securities with a yield of 100% of the CDI. The advantage? Unlike (which yields only once a month), here you receive interest every business day after completing 31 days of deposit.

Neon: Growth-Linked Returns

Neon’s interesting strategy is progressive yield. It starts at 100% of the CDI and increases every semester until reaching 113% of the CDI in two years. The longer you keep your funds invested, the lower the discount rate on the yield—an actual incentive for long-term savings.

PicPay: Organized Savings with Gains

Founded in 2012, PicPay offers a unique experience through “Piggy Banks”—spaces where you categorize your savings. Money earns 102% of the CDI daily. In a practical simulation: R$ 1,000 in 24 months generates R$ 204.12 in gains, versus only R$ 129.29 in traditional savings.

PagBank: Simplicity with Guaranteed Return

PagSeguro’s platform offers the Conta Rendeira, which automatically yields 100% of the CDI on balances that remain for 30 days. No bureaucracy, no complicated conditions.

Mercado Pago: Tiered Yield by Volume

On Mercado Pago, any individual can earn from 100% of the CDI on their balances. However, Meli+ (platform loyalty program) subscribers who move R$ 1,000 or more monthly access 105% of the CDI—an advantage for more active users.

99Pay: High Yield for Small Balances

The mobility app 99 offers an interesting structure: balances up to R$ 5,000 earn up to 110% of the CDI, while larger amounts combine 80% of the CDI on the excess plus 110% of the CDI in the initial bracket. Additionally, the platform provides cashback on rides and recharges, multiplying your gains.

Iti: Itaú’s Digital Bet

Iti account, linked to Itaú, offers 100% of the CDI through the “My Goals” feature from the first business day. Similar to Nubank’s piggy banks, it allows organizing financial goals while your money works for you.

Banco PAN: No Excessive Minimum Quantity

PAN democratizes access: starting with just R$ 30, your balance automatically yields every day. The first 30 days generate 10% of the CDI; afterward, it rises to 100% of the CDI. No maximum limit, making any savings strategy scalable.

Real Comparison: Data That Speaks Louder

Yields range from 100% to 113% of the CDI among these institutions, representing gains 30-50% higher than traditional savings. Besides higher returns, many accounts add features like goal organization, cashback on transactions, and zero maintenance fees.

The Savings Formula vs. CDI Dynamics

Savings accounts use a monthly calculation based on 70% of the Selic rate plus TR, offering predictability but also rigidity. The CDI, on the other hand, updates daily, capturing real market fluctuations. In scenarios of rising interest rates—as currently—the difference is significant.

Conclusion: Where to Invest Your Money Now

In 2024, the banks that yield the most have shown that sticking to traditional savings is increasingly less rational. Digital accounts with CDI-based returns offer:

• Yields between 100% and 113% of the CDI (vs. 7.41% of savings)
• Daily updates of earnings (vs. monthly)
• Financial organization tools
• Additional benefits like cashback

The high-interest environment makes it essential to maximize your savings’ return. The banks that currently offer the highest yields not only outperform savings in numbers but also provide flexibility, accessibility, and control that traditional saving methods do not.

For 2024, switching to a digital account with CDI yield is no longer an advanced option—it’s a smart financial decision.