Which Bank Yields More Money in 2024? Complete Guide to Digital Accounts

Finding where to apply your savings is one of the main questions for those seeking profitability. With the proliferation of digital banks offering accounts with automatic yields, the question of which bank yields more money has gained importance in recent years. The answer is not as simple as it seems, as each institution offers different CDI percentages and additional benefits.

Why Digital Banks Outperform Savings in Profitability

The reason many investors migrate to digital accounts is simple: the yield difference is significant. While savings accounts offer approximately 7.41% per year plus the Referential Rate (currently zeroed out), digital accounts linked to CDI can generate up to 10.40% per year or more.

The CDI (Interbank Deposit Certificate) functions as a reference rate that follows the Selic and is recalculated daily. Unlike savings, whose yield is updated only on deposit anniversaries, CDI allows daily gains, multiplying your returns over time.

The 8 Main Digital Banks and Their Yields

Nubank: The Pioneer in the Segment

Nubank offers a yield of 100% of CDI applied to Federal Public Securities. The advantage is in the daily calculation after the 31st day of deposit, unlike traditional savings which update monthly.

Neon: Progressive Yield up to 113% of CDI

Among the banks with the highest yields, Neon stands out for offering a model where the percentage gradually increases every six months, reaching 113% of CDI after two years of permanence. The longer the application period, the lower the deducted rate.

PicPay: Flexibility with “Piggy Banks”

With yields of up to 102% of CDI, PicPay allows investors to organize their savings into customized categories. A simulation with R$ 1,000 invested for 24 months shows a clear difference: R$ 204.12 with CDI versus R$ 129.29 in savings.

Pagbank: Security of the PagSeguro Group

The platform offers the Conta Rendeira, which automatically yields 100% of CDI after 30 days. Being part of a large payments conglomerate, it offers security and integration with various services.

Mercado Pago: Tiered Yield

Which bank yields more for those with high balances? Mercado Pago offers a base of 100% of CDI, but those who subscribe to Meli+ and maintain a balance of R$ 1,000 or more per month start earning 105% of CDI, differentiating by progressive policy.

99Pay: Leader in Yield Up to 110% of CDI

The digital account of the mobility app offers up to 110% of CDI for balances up to R$ 5,000. Above this amount, it combines 80% + 110% of CDI depending on the tier. Additionally, it includes cashback on rides and recharges.

Iti: The Itaú Option

Itaú’s digital bank offers 100% of CDI through the “My Goals” feature, allowing you to organize financial objectives. The yield is automatic from the first business day, making it easy to track.

Banco PAN: Democratic Access with R$ 30

PAN offers an interesting proposal: any balance starting at R$ 30 yields automatically. In the first 30 days, the yield is 10% of CDI, increasing to 100% in the following months, with no maximum balance limit.

Understanding CDI vs. Savings

The fundamental difference lies in the calculation formula. Savings use 70% of the Selic plus the Referential Rate, with monthly updates. CDI, on the other hand, reflects the average rate of loans between banks and is recalculated daily.

When a product offers above 100% of CDI, it means it yields more than savings in almost all scenarios, especially when the Selic is high. Products like CDB and LCI also use CDI as a calculation basis.

Which Bank Really Yields More in 2024?

The answer depends on your profile and investment volume. For those seeking maximum profitability and willing to wait, Neon with 113% of CDI is the most attractive option. For those who want flexibility, 99Pay combines high yield with cashback. And for existing Itaú customers, Iti offers integrated convenience.

The important thing is to understand that all these banks yield significantly more than savings. The choice among them will depend on factors such as minimum volume, additional features, and compatibility with your spending habits.

Conclusion: Maximizing Returns in 2024

In an environment of high interest rates, leaving money idle in savings represents a real loss of purchasing power. Digital banks have emerged as a viable solution, offering yields ranging from 100% to 113% of CDI — numbers that simply eliminate the competitiveness of traditional savings.

When deciding which bank yields more money for your specific situation, consider not only the CDI percentage but also additional functionalities like cashback, goal organization, and ease of access. Diversifying among some of these accounts can be a smart strategy to optimize your overall profitability, allowing your savings to work more efficiently in 2024 and beyond.