Which Digital Bank Yields the Most in 2024? Discover the Best Options

If you still keep your money earning interest in savings accounts, it’s time to rethink this strategy. While savings offers only 7.41% per year, the banks with the highest returns in the current market exceed 10% annual yield. The difference may seem small, but with larger investments, it becomes substantial.

The Problem: Savings Doesn’t Keep Up with Inflation

The reality is that keeping resources in traditional savings accounts means losing purchasing power. The fixed monthly return of this modality does not follow the dynamics of the financial market. The main banks that yield the most do so because they use the CDI (Interbank Deposit Certificate) as a reference, a much more advantageous index that is updated daily.

How CDI Works: The Engine of the Most Profitable Banks

The CDI is a reference rate used among financial institutions for short-term loans. Unlike savings, which follows a fixed formula of 70% of the Selic rate plus the Referential Rate, the CDI is recalculated daily and more accurately reflects market fluctuations. Products like CDBs, LCIs, and investment funds have been using this metric for years. Now, digital banks have democratized this access.

The Digital Banks That Yield the Most: 2024 Ranking

Leadership: Neon with up to 113% of CDI

Among the banks with the highest yields, Neon stands out with the highest percentage. Starting at 100% of CDI, the yield gradually increases every six months, reaching 113% after two years of maintaining the account. This progression rewards those who keep their resources for longer.

99Pay: Up to 110% of CDI with Extra Benefits

99Pay offers up to 110% of CDI for balances up to R$ 5,000, maintaining higher yields every day of the week, including weekends. Additionally, the platform provides cashback on rides and recharges, making it one of the banks with the highest yields with added features.

Mercado Pago: Up to 105% of CDI

With an integrated loyalty program, Mercado Pago offers 105% of CDI for Meli+ customers who deposit R$ 1,000 or more monthly. The advantage here is the integration with the Mercado Livre ecosystem.

Nubank, PagBank, Iti, and Banco PAN: 100% of CDI

These institutions form the group of banks that yield the most, with 100% of CDI. Nubank stands out by investing in Federal Public Securities with daily returns starting from the 31st day. PagBank offers the Rendeira Account with automatic activation. Iti, part of Itaú, provides immediate returns through the “My Goals” feature. Banco PAN has a progressive model: 10% of CDI in the first 30 days and 100% afterward.

PicPay: Up to 102% of CDI with Organization Tools

PicPay offers up to 102% of CDI with “Piggy Banks” feature to categorize savings. Simulations show that R$ 1,000 in 24 months would yield R$ 204.12, significantly higher than the R$ 129.29 from savings.

Why These Highest-Yielding Banks Outperform Savings

The disparity occurs because CDI is a live metric that follows the economy in real time. While savings remains static, updating only on deposit anniversaries, accounts linked to CDI earn interest every business day. In scenarios of high Selic rates, this difference amplifies exponentially.

An investment of R$ 10,000 earning 100% of CDI (approximately 10.40% annually) generates R$ 1,040 in a year, versus R$ 741 in savings. For larger amounts, the advantage of the highest-yielding banks becomes even more attractive.

Extra Features: Beyond Yield

Many high-yield banks add benefits:

• Financial goal organization: Nubank, Iti, and PicPay offer tools to separate savings by objectives
• Progressive cashback: 99Pay rewards specific transactions
• Flexibility: Most allow withdrawals without penalties
• Security: Protection up to R$ 250,000 by the FGC (Credit Guarantee Fund)

Choosing Among the Highest-Yielding Banks

The decision depends on your goals. If you seek maximum profitability and patience to keep the investment for 24 months, Neon is the choice. If you prefer immediate returns without waiting, Nubank, PagBank, or Iti are better options. If you frequently use the Mercado Livre platform, Mercado Pago integrates naturally.

Conclusion: Moving from Savings Is Essential

The banks with the highest yields in 2024 are not just an alternative: they become a mandatory financial decision for anyone looking to preserve purchasing power. The difference between 7.41% and 10.40%+ annually significantly impacts medium-term patrimony. Considering the ease of opening accounts, no fees, and proven profitability, gradually transferring savings from traditional accounts to digital accounts linked to CDI is a prudent and immediate move every investor should consider.