Which Bank Yields More in 2024? Complete Comparison of the Best Digital Banks

The question that Brazilian investors can’t help but ask is simple: which bank yields the most? If you’re tired of leaving your money idle earning little or accepting the modest 7.41% annual savings rate, the answer lies in digital banks. These players have been revolutionizing the market by offering accounts with automatic returns linked to the CDI, transforming the way we save.

Why Do Digital Banks Outperform Savings?

Before answering which bank yields the most, it’s essential to understand the game. Savings operate with a fixed formula: 70% of the Selic rate plus the Referential Rate. Its yield? Calculated monthly, only on deposit “anniversaries.” The CDI (Interbank Deposit Certificate) is the average rate of loans between banks, updated daily and better reflecting market reality.

In practice, while savings yield 7.41% per year, an account with 100% of the CDI generates 10.40% annually. The difference seems small, but compounded over time, it changes a lot. And there’s more: some digital banks offer above 100% of the CDI, reaching up to 113%.

The Highest Yields: Who Yields the Most in 2024

Leadership: Neon with Up to 113% of the CDI

If the question is which bank yields the most, Neon takes the lead. Starts at 100% of the CDI and increases progressively every six months, reaching a maximum of 113% after two years of permanence. The longer your money stays there, the more you earn – and the less fee is deducted.

In Second Place: 99Pay with Up to 110% of the CDI

The mobility app 99 offers tiered returns. Balances up to R$ 5,000 yield up to 110% of the CDI in the 99Pay tab. The differential? It yields daily, including weekends, and also offers cashback on rides and recharges. Above R$ 5,000, it drops to 80% + 110% on the balance up to R$ 5,000.

In Third: Mercado Pago with Up to 105% of the CDI

Too simple: any balance yields at least 100% of the CDI. Subscribe to Meli+ (Mercado Livre’s program) and have at least R$ 1,000 monthly? Your yield increases to 105% of the CDI. It’s the highest among options with easy access.

Tied at 100%: Nubank, PagBank, Iti, and Banco PAN

Which bank yields the most among these? Technically, they offer the same percentage (100% of the CDI), but with important differences:

Nubank invests your money in Federal Public Securities with daily yields after the 31st day. PagBank (from PagSeguro) offers the Conta Rendeira focused on simplicity. Iti (from Itaú) lets you organize financial goals and start earning from the first business day. Banco PAN is flexible: yields from R$ 30, with 10% of the CDI in the first 30 days, then 100%.

PicPay: 102% Yield with Organization

Offers up to 102% of the CDI with the “Cofrinhos” feature to organize savings by categories. R$ 1,000 invested for 24 months yields R$ 204.12 – versus R$ 129.29 in savings, a tangible difference.

Understanding the CDI: The Foundation of Everything

The CDI is the average rate of short-term interbank loans. It works alongside the Selic (basic interest rate) and serves as the basis for CDBs, LCIs, and investment funds. When you see “110% of the CDI,” it means the bank pays 110% of this average rate as yield. During periods of high Selic (like now), this difference multiplies your gains.

Which Bank Yields the Most for Your Profile?

The answer depends on your goal:

• Maximum yield with patience: Neon (113% after 2 years)
• Maximum immediate yield: 99Pay or Mercado Pago (110% and 105%)
• Best cost-benefit and flexibility: Nubank or PicPay
• Lowest minimum value: Banco PAN (from R$ 30)
• Goal organization: Iti or PicPay

Why Not Leave It Idle?

In 2024, leaving money idle is literally throwing money away. Digital banks grow because they deliver simplicity, convenience via app, and returns above savings. Many accounts offer extra benefits: cashback, category organization, free transfers.

In a scenario of rising interest rates, maximizing return on savings is essential. Digital banks have emerged as a promising alternative, offering not only better yields but also flexibility and features that traditional savings never provided.

The conclusion is clear: which bank yields the most varies according to your goals, but all eight listed here outperform savings. The next step is to choose the one that best aligns with your financial needs in 2024.