Which Bank Yields More Than Savings? Discover the 8 Best Options in 2024

If you still keep your savings in a traditional savings account, know that you’re leaving money on the table. In 2024, there are much more profitable alternatives, especially digital accounts that offer automatic yields linked to the CDI. But which bank yields more? The answer depends on your goals and how long you plan to keep the money invested.

Why Switch from Savings to Digital Accounts?

The savings account offers a fixed return of 7.41% per year, calculated monthly only on the deposit anniversary date. Digital accounts that offer CDI receive daily interest, generating approximately 10.40% per year with 100% of the CDI. This difference may seem small, but if you have R$ 1,000 invested for 24 months, the digital account yields R$ 204.12 versus R$ 129.29 from the savings account – an advantage of nearly 58% more.

The main difference lies in how the yield is calculated. While the savings account follows a fixed formula based on the Selic rate and the Referential Rate, the CDI tracks market fluctuations dynamically and daily, reflecting the real interest rates of the economy more accurately.

The 8 Digital Banks That Yield the Most in 2024

Banco PAN – 100% of the CDI from the 31st Day

Starting with 10% of the CDI in the first 30 days, Banco PAN offers automatic yield of 100% of the CDI from the following month. The advantage is that any amount above R$ 30 begins to earn immediately. There is no maximum balance limit, and interest is credited daily.

Iti (Itaú) – “My Goals” Tool

The iti digital account offers 100% of the CDI in the “My Goals” feature, which functions as a scheduled savings plan. The big advantage is that interest starts from the first business day, allowing you to organize your savings by specific goals while earning a higher return than traditional savings.

Nubank – Yield in Federal Public Securities

The country’s largest digital bank offers a unique structure: the money in the account is automatically invested in Federal Public Securities, earning 100% of the CDI. Unlike savings, which pays only once a month, Nubank credits interest on all business days after 31 days of deposit.

PicPay – Piggy Banks with 102% of the CDI

Founded in 2012, PicPay allows creating “Piggy Banks” to organize savings into customized categories. Its differential is earning 102% of the CDI daily, offering a slightly above-average return and greater flexibility in financial organization.

99Pay – Up to 110% of the CDI and Cashback

The mobility platform 99 offers an account that yields up to 110% of the CDI for balances up to R$ 5,000. Above this amount, the yield varies between 80% and 110% of the CDI. A major highlight is that interest accrues every day of the week, including weekends, and offers cashback on rides and recharges.

Mercado Pago – 105% of the CDI for Meli+ Subscribers

On the payment platform, any individual account yields at least 100% of the CDI. If you subscribe to the Meli+ (Mercado Livre loyalty program) and deposit R$ 1,000 or more monthly, your balance increases to 105% of the CDI.

Neon – Up to 113% of the CDI with Progressive Increase

Neon offers a yield progression: starting at 100% of the CDI and increasing every six months until reaching 113%. The longer you keep the money invested, the lower the discount rates on gains. This model rewards customer loyalty with increasing profitability.

PagBank – 100% of the CDI Automatic

Linked to PagSeguro, PagBank offers the “Rendeira Account,” which automatically yields 100% of the CDI for balances that remain idle for at least 30 days. It’s a simple, straightforward solution for those seeking automatic interest without complications.

Understand the CDI and Why It Yields More

The (Interbank Deposit Certificate) (CDI) is the average interest rate on short-term loans between financial institutions. It serves as the basis for calculating yields on CDBs, LCIs, and investment funds.

The crucial difference with savings is that the CDI is updated daily according to real market conditions, while the savings account follows a fixed formula and is only updated monthly. When a product offers 100% or more of the CDI, it means you are receiving the full market rate or even exceeding the savings, especially during periods of high Selic rates.

How to Choose Which Bank Yields More for You

The answer to “which bank yields more” is not straightforward. If you seek maximum possible return, Neon (up to 113% of the CDI) leads. If you prefer simplicity without complications, PagBank or Iti are excellent options. For those wanting flexibility with cashback, 99Pay combines profitability with extra benefits.

All eight banks mentioned offer a clear advantage over traditional savings. The key is to choose the one that best fits your profile: whether you prefer maximum yield, progressive growth, or additional benefits like cashback and financial organization tools.

In a scenario of high interest rates like the current one, maximizing your earnings is essential. Switching from savings to a digital account with CDI yield can mean hundreds or even thousands of reais more in your annual gains. The right choice depends on analyzing your specific needs and selecting the option that best aligns with your financial goals for 2024.