Which Bank Yields the Most in 2024? Complete Guide to the 8 Best Digital Banks

Many Brazilians wonder which bank yields the most when it comes to saving money. The answer is not straightforward: there are several digital account options that significantly outperform traditional savings accounts.

Why Abandon Savings in 2024

Currently, savings accounts offer only 7.41% per year, plus the Referential Rate (which has been zero for some time). Digital accounts linked to the CDI can generate returns of up to 10.40% or even more annually. This difference may seem small, but when applied to larger amounts and longer periods, the results are quite significant.

Understanding the CDI: The Basis of Yields

The CDI (Interbank Deposit Certificate) is the reference rate that governs the yields of many financial products in Brazil. Unlike savings, which calculate returns once a month on the deposit anniversary, the CDI is updated daily. This means your savings grow continuously, day after day, creating a more powerful compound interest effect.

When a bank offers “100% of the CDI,” it means you receive the full value of this rate. When it offers “110% of the CDI” or “113% of the CDI,” you earn above the market average – precisely what makes some banks stand out in the response to which bank yields the most.

The Top 8 Digital Banks with the Best Yields

Leadership: Neon with up to 113% of the CDI

Neon positions itself as the most profitable option for those seeking the bank that yields the most. Starting at 100% of the CDI, the platform gradually increases this percentage every six months, reaching 113% after two years of account activity. The longer you keep your money invested, the lower the deductions on the earnings.

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

The mobility platform 99 offers its digital account with yields of up to 110% of the CDI for balances up to R$ 5,000. Above this amount, it combines 80% of the CDI with 110% in portions of the balance limited in size. 99Pay stands out for offering returns seven days a week, including weekends and holidays, as well as cashback on rides and recharges.

Third Place: Mercado Pago with up to 105% of the CDI

For customers of the Meli+ (Mercado Livre loyalty program), Mercado Pago offers up to 105% of the CDI when maintaining balances over R$ 1,000 monthly. Other users receive 100% of the CDI. The easy integration with Mercado Livre’s shopping platform is a key advantage.

Solid Options at 102-103% of the CDI

PicPay, founded in 2012, offers 102% of the CDI with the “Piggy Banks” feature to organize savings. A simulation on the website shows that R$ 1,000 invested for 24 months generates R$ 204.12 in earnings versus R$ 129.29 in traditional savings.

Banks with 100% of the CDI

Several institutions maintain a yield of 100% of the CDI, offering security and consistency:

Nubank – One of the largest digital banks, invests in Federal Public Securities. The yield occurs daily after the 31st day, not just monthly like in savings.

PagBank (PagSeguro platform) – Offers the “Rendiment” Account with 100% of the CDI automatically for balances accumulated over 30 days.

Iti (Itaú) – Uses the “My Goals” tool for automatic investment from the first business day, similar to piggy banks on other platforms.

Banco PAN – Allows automatic yield from the first day with a minimum balance of R$ 30. Offers 10% of the CDI in the first 30 days and 100% in subsequent periods.

Which Bank Yields the Most? A Comparative Analysis

For those seeking the bank that yields the most, the answer depends on your goals:

• Maximum yield: Neon (113% CDI) leads, especially for medium- to long-term investments
• Higher returns + Extra Benefits: 99Pay stands out for daily yields without breaks and integrated cashback
• Flexibility: Mercado Pago offers good returns combined with loyalty program benefits
• Security and Tradition: Iti and Banco PAN guarantee 100% of the CDI with the trust of established institutions

Practical Operation of Yielding Accounts

The mechanism is simple: you deposit money into the account, and the platform automatically invests it in short-term investments (usually federal government bonds or interbank operations). The yield is credited daily or according to the periods set by each bank. Unlike savings, no additional movement is required.

CDI Versus Savings: The Fundamental Differences

Savings accounts use a fixed formula: 70% of the Selic rate plus the Referential Rate. The return is calculated monthly, creating waiting periods until the credit.

The CDI, on the other hand, reflects the average rate of interbank loans and is updated daily. Products linked to the CDI update their yields continuously, providing more steady growth.

In periods of high Selic rates, the difference between which bank yields the most by CDI versus savings becomes even more evident.

Additional Features Beyond Yield

Many of these digital accounts offer extra features:

• Savings organization: Piggy Banks and Goals allow separating money for specific objectives
• Cashback: Some banks return percentages on specific transactions
• Ecosystem integration: Connection with shopping, mobility, or payment apps
• No fees: Most do not charge account maintenance fees

Recommendations to Maximize Earnings in 2024

1. Choose according to your investment horizon: For short-term, banks with 100% CDI are suitable. For long-term, Neon offers progressive gains.

2. Combine multiple accounts: Distribute resources across platforms to leverage each one’s advantages.

3. Monitor the Selic rate: The higher the Selic, the higher the CDI and your yields.

4. Consider factors beyond the percentage: Ease of use, integration with other services, and security are important.

Conclusion

The question “which bank yields the most” in 2024 has multiple answers, all surpassing savings. Neon leads with 113% of the CDI for long-term clients, while 99Pay offers 110% with additional benefits. For those seeking a balance between profitability and institutional security, Iti and Banco PAN guarantee 100% of the CDI with the solidity of traditional banks.

Digital accounts with automatic yields represent a genuine evolution in how Brazilians can make their money work. In a scenario of high interest rates, maximizing the return on savings is no longer optional but essential. These platforms not only outperform savings accounts in returns but also add features that enhance personal financial control. For 2024, shifting resources to the bank that yields the most is both a strategic and financially smart decision.