What is the Best Bank that Yields the Most in 2024? Complete Guide to Digital Banks

Tired of leaving your money in savings accounts with just 7.41% annual yield? The good news is that there are several digital bank alternatives that offer significantly higher returns. Let’s explore how to find the bank that yields the most and which one to choose for your savings.

Why Look for a Bank that Yields More?

The answer is simple: while savings accounts yield 7.41% per year plus the Referential Rate (which has been zeroed out for some time), many digital banks offer returns linked to the CDI (Interbank Deposit Certificate). An account that offers 100% of the CDI can generate up to 10.40% per year, meaning a real and significant difference in your wallet.

The fundamental difference lies in the update frequency. Savings accounts recalculate the yield only monthly, while digital accounts that yield via CDI update daily. This means your money is constantly generating profit, without staying “stagnant” waiting for the month to turn.

Which Digital Banks Yield More: Which to Choose?

Options with Maximum Yield Above 110%

If you want the bank that yields the most, top alternatives are:

99Pay leads with yields of up to 110% of the CDI for balances up to R$ 5,000. Additionally, it offers cashback on rides and recharges. According to the platform, its system profits every day of the week, including weekends, while other wallets yield only during business hours.

Neon offers progressive growth: starts at 100% of the CDI and increases every six months until reaching 113% of the CDI after two years. It’s an interesting strategy for those thinking long-term and wanting to see their yield accelerate over time.

Alternatives with Yields Between 100% and 110%

Mercado Pago offers a flexible model: 100% of the CDI for everyone, but rises to 105% of the CDI for Meli+ subscribers who maintain a minimum balance of R$ 1,000 monthly.

PicPay yields up to 102% of the CDI daily. In a practical simulation: R$ 1,000 invested for 24 months yields R$ 204.12 in the digital bank versus only R$ 129.29 in savings. The difference is visible.

Consolidated Options with 100% of the CDI

Nubank, one of Brazil’s largest digital banks, offers 100% of the CDI through its payment account. The differential is that the yield occurs on all business days after the 31st day, not just on the deposit anniversary as in savings accounts.

PagBank (PagSeguro platform) offers its Rendeira Account with 100% of the CDI automatically on balances above 30 days.

Iti (from Itaú) provides 100% of the CDI from the first business day in the “My Goals” feature, which functions as a financial organization tool.

Banco PAN offers 100% of the CDI starting from the second month, with 10% of the CDI in the first 30 days. It requires a minimum balance of only R$ 30.

Understanding the CDI: Why It Yields More Than Savings

The CDI is the average interest rate on short-term loans between banks. It moves along with the Selic rate and serves as a basis for various financial products (CDB, LCI, investment funds).

In contrast, savings accounts use a fixed formula: 70% of the Selic plus TR. Additionally, it is calculated monthly and only updates on the deposit anniversary. The CDI, on the other hand, is recalculated daily, allowing your earnings to be constantly adjusted.

When a bank offers 105% or 110% of the CDI, it means it is offering more than the reference rate, maximizing your return during periods of high Selic.

Practical Comparison: Which Bank Yields More for You?

If you want maximum profitability and activity: 99Pay with 110% CDI and cashback.

If you want growing returns: Neon with up to 113% CDI after two years.

If you want simplicity and trust: Nubank with 100% CDI and daily yield after 30 days.

If you want flexibility with benefits: Mercado Pago with 105% CDI if participating in the Meli+ program.

Conclusion: Choosing the Bank that Yields More in 2024

In an environment of high interest rates, choosing where to store your savings is a strategic decision. The digital banks that yield more offer not only superior returns compared to savings (between 100% and 113% of the CDI versus 7.41%), but also flexibility, daily yield, and additional features like cashback and goal organizers.

The difference is tangible: in 24 months, the variation between the bank that yields the most and savings can represent dozens or hundreds of reais extra in your pocket. Therefore, switching to a digital bank with CDI-based returns is an intelligent strategy to maximize your savings in 2024.

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