Which Bank Yields the Most Money? Comparison of Digital Accounts with Higher Returns than Savings in 2024

Why Avoid Savings in 2024?

Traditional savings is no longer the best option for those who want their money to work. With a fixed return of just 7.41% per year (70% of the Selic rate plus the Reference Rate), it falls significantly behind modern alternatives offered by digital banks.

Brazilian consumers are discovering that there are more profitable paths. Digital accounts are becoming a practical and lucrative solution, combining ease of use with much more attractive financial returns. But which bank yields the most money? The answer isn’t so simple – it depends on your profile and how much you plan to keep deposited.

Understanding the CDI: The Foundation of Everything

To choose where to invest your money in 2024, it’s essential to understand how the CDI (Interbank Deposit Certificate) works. It’s an index that reflects the average interest rate charged on short-term loans between banking institutions.

The CDI moves in tandem with the Selic rate and serves as the basis for calculating the yields of various products: CDBs, LCIs, investment funds, and, of course, digital bank accounts. Unlike savings, which has its yield updated only monthly on deposit anniversaries, the CDI is recalculated daily.

Practical advantage: An account offering 100% of the CDI yields approximately 10.40% per year – well above the 7.41% of savings. And when you find institutions offering 105%, 110%, or even 113% of the CDI? The gains become even more significant.

The 8 Digital Banks That Yield the Most Money

1. Nubank – The Pioneer with 100% of the CDI

One of Brazil’s largest digital banks offers a payment account where the money is automatically invested in Federal Public Securities. The difference compared to savings is striking: while savings yields once a month, Nubank yields every business day after the 31st day of deposit.

2. Neon – Up to 113% of the CDI (the Best Return)

Neon implements a progressive system: starts at 100% of the CDI and increases this percentage every six months until reaching 113% – the highest rate among all options. Maximum profitability is consolidated after two years of permanence. The longer the investor keeps the capital, the lower the deductions on the yield. For those seeking to identify which bank yields the most money in the long term, Neon clearly stands out.

3. PicPay – 102% of the CDI with Extra Features

Founded in 2012, PicPay innovates by allowing the creation of “Piggy Banks” – customized categories to organize savings. The money yields 102% of the CDI every business day. A practical simulation: R$ 1,000 invested for 24 months generates R$ 204.12 in yield, compared to only R$ 129.29 that savings would offer in the same period.

4. Pagbank – 100% of the CDI Automatic

PagSeguro’s financial services platform presents the Conta Rendeira, which automatically applies 100% of the CDI on the balance that remains deposited for 30 days or more. It’s a simple and straightforward option for those who want to start earning without complications.

5. Mercado Pago – Up to 105% of the CDI with Loyalty Program

In the Mercado Pago account, any deposit already yields 100% of the CDI. But there’s an additional incentive: those who subscribe to the Meli+ (Mercado Livre loyalty program) and maintain at least R$ 1,000 monthly on the platform can get 105% of the CDI.

6. 99Pay – Up to 110% of the CDI for Small Amounts

The digital wallet of the 99 app offers a differentiated structure. Balances up to R$ 5,000 yield up to 110% of the CDI in the 99Pay tab. For larger amounts, the rate reduces to 80% of the CDI plus the initial 110%. 99Pay emphasizes that its yield operates 24 hours, including weekends, and also offers cashback on rides and mobile top-ups.

7. Iti (Itaú) – 100% of the CDI from Day One

The iti digital account offers automatic yield of 100% of the CDI from the first business day, when the money is in the “My Goals” feature. This tool works similarly to piggy banks on other platforms, allowing resources to be separated by specific objectives.

8. Banco PAN – 100% of the CDI with an Accessible Minimum

Banco PAN stands out for having a very low initial minimum: just R$ 30. In the first 30 days, the yield is 10% of the CDI. From the following month, it rises to 100% of the CDI. The bank automatically yields every day, with no maximum balance limit.

Which Bank Yields the Most Money? Comparative Analysis

The question “which bank yields the most money” admits multiple answers depending on your scenario:

For pure maximum profitability: Neon with 113% of the CDI is unbeatable, but requires two years of commitment.

For a balance between profitability and flexibility: 99Pay (110%) and Mercado Pago (105%) offer excellent returns with less locking-in time.

For beginners: Banco PAN with just R$ 30 minimum allows testing the system with minimal risk.

For goal organization: PicPay and Iti offer goal-setting tools combined with competitive yields (102% and 100% respectively).

The Real Impact of the CDI on Your Earnings

To concretely visualize, consider a capital of R$ 10,000:

• Savings: R$ 741 annual yield
• Account with 100% CDI: R$ 1,040 annual yield
• Account with 110% CDI: R$ 1,144 annual yield
• Account with 113% CDI: R$ 1,175 annual yield

The annual difference ranges from R$ 299 to R$ 434 – amounts that increase significantly in periods of high Selic rates.

Additional Criteria: Beyond Yield

Yield is important, but not everything. Other features add value:

• Piggy Banks/Goals: PicPay, Iti, and Nubank allow categorizing savings
• Cashback: 99Pay offers returns on specific transactions
• Loyalty programs: Mercado Pago rewards Meli+ subscribers
• Accessibility: Banco PAN has the lowest initial minimum

Conclusion: Choosing the Best Path for 2024

The decision on which bank yields the most money should consider not only the CDI rate offered but also your financial goals, how long you plan to keep the money deposited, and which features add the most value to your daily life.

Digital banks have revolutionized access to profitable investments in Brazil. While savings offers 7.41% annually, digital accounts present a range from 100% to 113% of the CDI, representing gains 40% to 50% higher. In an environment of rising interest rates, this difference translates into hundreds of reais saved or earned annually.

If you still leave your money idle in savings, 2024 is the year to reconsider. Whether through Neon for maximum profitability, 99Pay for a balance of return and flexibility, or Banco PAN to start with little capital – all these options far surpass what savings can offer. The key is to take the first step and let your money work for you through one of the many digital banks that yield the most.