Which Digital Bank Yields the Most in 2024? Complete Analysis of the Best Options

Why Abandon Savings Accounts in 2024?

The traditional profitability of savings accounts no longer keeps up with the current economic scenario. With gains limited to 7.41% per year plus the Referencial Rate (TR) at zero for some time, leaving funds in a savings account has become a choice that compromises purchasing power. Meanwhile, digital banks are constantly evolving, offering alternatives that double or even triple these returns.

The good news? The digital financial market has expanded significantly, and today we have several digital banks offering higher yields for Brazilian investors. Most of them use the CDI (Interbank Deposit Certificate) as a benchmark index, providing returns much higher than traditional instruments.

Understanding CDI and Why Digital Banks Yield More

CDI represents the average interest rate on short-term loans between financial institutions. Unlike savings accounts, which have a fixed yield tied to 70% of the Selic rate plus the Referencial Rate (TR), CDI is recalculated daily, reflecting market fluctuations in real time.

When a digital bank offers “100% of CDI,” it means you receive the full rate with daily updates. Products that yield above 100% of CDI amplify this gain even further. An account offering 100% of CDI yields approximately 10.40% per year, outperforming savings by 40%.

The 8 Best Digital Banks That Yield the Most

Nubank: The Pioneer with Consistent Returns

Brazil’s largest digital bank maintains its position offering 100% of CDI. The difference lies in the details: the money is invested in Federal Public Securities, not in traditional savings. The yield is credited daily (on business days), after the 31st day of the initial deposit, unlike savings accounts which credit only once a month.

Neon: Progressive Growth in Yields

This high-yield digital bank starts with 100% of CDI and gradually increases: every six months, the percentage rises until reaching 113% of CDI after two years of investment. The longer the investment period, the lower the discount rate, encouraging long-term savings.

PicPay: Financial Organization with Good Returns

With 102% of CDI, PicPay stands out with the “Piggy Banks” feature, allowing users to separate savings by categories. Its simulation is illustrative: R$ 1,000 in CDI for 24 months yields R$ 204.12, while in savings it would yield only R$ 129.29.

Pagbank: Simplicity of the PagSeguro Group

The digital bank with the highest yield in the PagSeguro ecosystem offers the “Rendeira” Account with 100% of CDI on idle balances for 30 days, combining simplicity with automatic returns.

Mercado Pago: Progressive Yield through Loyalty

The bank offers 100% of CDI to all account holders, but those who subscribe to Meli+ and maintain a minimum monthly balance of R$ 1,000 increase to 105% of CDI. This structure rewards active users.

99Pay: Short-Term Yield Highlight

In the 99 app wallet, balances up to R$ 5,000 yield up to 110% of CDI, while above this amount, it varies between 80% and 110% depending on the organization. The competitive advantage includes cashback on rides and recharges.

Iti: Itaú’s Digital Bank Focused on Goals

The “My Goals” feature offers 100% of CDI from the first business day. Similar to competitors’ “Piggy Banks,” it allows organizing savings by objectives.

Banco PAN: No Excessive Minimum Value

PAN charges a minimum of only R$ 30 for automatic yield, offering 10% of CDI in the first 30 days and then 100% of CDI. This flexibility makes it accessible.

Yield Comparison: Which Digital Bank Yields the Most?

Analyzing the maximum rates offered:

• Neon leads with 113% of CDI
• 99Pay offers 110% of CDI
• Mercado Pago and Neon alternate with 105-113% of CDI
• PicPay, Nubank, Pagbank, Iti, and Banco PAN offer between 100-102% of CDI

For investors seeking to maximize gains, the choice depends not only on the rate but also on the investment duration and additional features.

CDI versus Savings: The Practical Difference

Savings accounts use a fixed formula: 70% of the Selic rate + TR (zeroed). Its yield is calculated only on the deposit anniversary, once a month.

CDI, on the other hand, is calculated daily, allowing investments tied to it to update constantly. During periods of high Selic (like in 2024), this difference significantly increases the investor’s total gains.

Why More Brazilians Are Choosing These Digital Banks

Besides profitability, these high-yield digital banks offer:

• Simplified user experience via app
• Financial organization features
• Cashback and reward programs
• Instant access without bureaucracy
• Flexibility without fixed terms

Conclusion: Which Is the Best Choice?

In 2024, leaving money in savings accounts is equivalent to losing purchasing power. The digital banks that yield the most present viable, secure, and attractive alternatives. The choice among them depends on:

1. Investment duration: Neon is ideal for those who can leave money for 2 years; Banco PAN for maximum flexibility
2. Financial organization: PicPay and Iti offer superior tools
3. Maximizing returns: 99Pay and Neon lead in percentages
4. Initial amount: Banco PAN with a minimum of R$ 30 is more accessible

Regardless of the choice, switching from savings to a high-yield digital bank is an investment in your financial autonomy. In an environment of high interest rates, these accounts emerge as essential tools to preserve and multiply your savings.