Which Bank Yields the Most Daily? Comparison of 8 Digital Accounts in 2024

When it comes to maximizing returns on savings, many Brazilians still opt for the savings account due to lack of a better alternative. However, in 2024, the landscape has changed significantly. Several digital banks now offer accounts with automatic yields linked to the CDI, providing substantially higher gains. The big question now is: which bank yields the most daily?

Why Switch from Savings to Digital Accounts?

The answer lies in the numbers. Currently, the savings account offers 7.41% per year, based on a fixed formula of 70% of the Selic rate plus the Referential Rate (which remains zero). Digital accounts with CDI-linked yields start at 100% of the CDI, generating approximately 10.40% per year – and some reach up to 113%.

But there’s another important differential: the frequency of yield updates. While the savings account calculates earnings only once a month, on the deposit anniversary date, digital accounts accrue daily on business days. This means that, literally, your money works for you every day, without interruptions.

Understanding the CDI and Why It Yields More

The CDI (Interbank Deposit Certificate) is a reference rate representing the average interest on short-term loans between financial institutions. It moves in line with the Selic, the economy’s basic interest rate, and serves as a basis for various financial products like CDB, LCI, and investment funds.

The reason why accounts that yield “100% of the CDI” earn more than the savings account is simple: the CDI is a dynamic rate, updated daily, reflecting real market conditions. The savings, on the other hand, has a fixed yield calculated monthly. During periods of high Selic, this difference becomes even more pronounced.

The 8 Digital Banks Offering the Best Yields

1. Neon – Up to 113% of CDI (Growing Yield)

Neon stands out for offering a progressive model. The yield starts at 100% of CDI and increases gradually every six months, reaching a maximum of 113% after two years of resource retention. The longer the customer keeps the money invested, the higher the percentage of CDI received. This acts as an incentive for loyalty.

2. 99Pay – Up to 110% of CDI (Flexibility with Limit)

On the 99Pay platform, balances up to R$ 5,000 earn up to 110% of CDI every day of the week, including weekends. Above this amount, the yield drops to 80% of CDI, but still offers 110% on the portion within the limit. A key feature is that 99Pay yields seven days a week, while many competitors operate only on business days. Additionally, it offers cashback on rides and recharges.

3. PicPay – Up to 102% of CDI (Goal Organization)

Operating since 2012, PicPay allows organizing savings into “Piggy Banks” – customized categories functioning as sub-accounts. The yield is 102% of CDI on all business days. To illustrate the potential: R$ 1,000 invested for 24 months yields R$ 204.12 in PicPay, compared to only R$ 129.29 in the savings account.

4. Mercado Pago – Up to 105% of CDI (Best for Meli+ Users)

On Mercado Pago, any individual with an account earns at least 100% of CDI. However, those who subscribe to Meli+ (Mercado Livre’s loyalty program) and maintain a minimum balance of R$ 1,000 monthly access 105% of CDI. This is an advantage aimed at more active shopping ecosystem users.

5. Nubank – 100% of CDI (Daily Yield Starting from the 31st Day)

One of Brazil’s largest digital banks, Nubank offers a “payment account” where funds are automatically invested in Federal Public Securities. Unlike the savings account, which yields only on the anniversary date, Nubank yields every business day after the 31st day of deposit – ensuring consistent daily gains.

6. Iti (Itaú) – 100% of CDI (Automatic from the 1st day)

The Iti account offers a yield of 100% of CDI automatically, from the first business day, when the money is within the “My Goals” feature. This tool allows setting aside resources for specific objectives, functioning similarly to Nubank’s piggy banks.

7. PagBank – 100% of CDI (Simple and Straightforward)

Offered by PagSeguro, PagBank provides the Rendeira Account with automatic yield of 100% of CDI on balances held for 30 days. It’s a more straightforward option, without complexities or high minimum balance requirements.

8. Banco PAN – 100% of CDI (30-Day Grace Period)

At PAN, any balance starting from R$ 30 yields automatically every day. The first 30 days yield 10% of CDI, and from the following month, 100% of CDI. With no maximum application limit, it’s accessible for small savings.

Which Bank Yields the Most Daily? The Answer Depends

There is no single answer. It depends on your profile and how much you intend to invest:

• For maximum long-term profitability: Neon (113% of CDI after 2 years)
• For weekend daily yields: 99Pay (110% of CDI, 7 days a week)
• For safety and tradition: Iti or Nubank (100% of CDI, no complexities)
• For Mercado Livre users: Mercado Pago (105% of CDI with Meli+)

All of them yield daily on business days, with much more frequent updates than the savings account.

Practical Simulation: How Much Can You Earn?

Consider an investment of R$ 10,000 for 12 months:

• Savings account (7.41% p.a.): R$ 741 gain
• Account at 100% CDI (≈10.40% p.a.): R$ 1,040 gain
• Account at 105% CDI (Mercado Pago): R$ 1,092 gain
• Account at 113% CDI (Neon after 2 years): R$ 1,177 gain

The accumulated difference is significant, especially over longer horizons.

Why Daily Yield Makes a Difference

When money yields daily, the effect of compounded interest accelerates. Each day that the gain is incorporated into the balance, it starts generating yield on itself. Banks that update only monthly cause the investor to miss this potential on intermediate days.

Conclusion: Strategic Choice for 2024

In 2024, leaving money in the savings account means giving up real gains. Digital banks with CDI-linked yields offer not only higher rates but also more frequent updates – yielding daily or on business days.

The best bank choice will depend on your specific goals: if you seek maximum profitability, choose Neon; if weekend flexibility is important, go with 99Pay; if simplicity is your priority, Nubank or Iti are excellent options.

Regardless of your choice, any of these digital accounts will yield more than the savings account – and will do so daily. In a scenario of high interest rates, this compounded difference over months turns into tangible gains in your savings.