Which Bank is Yielding the Most in 2024? Complete Guide to Digital Accounts That Outperform Savings

The Problem with Traditional Savings and the Rise of Digital Banks

Keeping resources idle in checking or traditional savings accounts is no longer a viable strategy for those seeking profitability. The Brazilian savings account, with its 7.41% annual rate plus the Referential Rate (currently zero), has been losing ground to a new generation of institutions offering much more attractive automatic yields.

Digital banks revolutionized this scenario by offering accounts with returns linked to the CDI (Interbank Deposit Certificate), an index that moves along with the Selic rate and provides significantly higher returns. The question many investors ask is: which bank is yielding the most? The answer is not straightforward, as different institutions offer varying percentages, and the ideal choice depends on your profile and the amount to be invested.

Why Does the CDI Outperform Savings?

The fundamental difference lies in the calculation method. While the savings account uses a static formula (70% of the Selic + Referential Rate) and updates earnings only once a month on the deposit anniversary, the CDI operates dynamically and is recalculated daily on business days.

An account that offers 100% of the CDI generates an annual return of approximately 10.40%, representing an advantage of nearly 3% over savings. When some institutions offer between 105% and 113% of the CDI, this difference widens even more, especially in scenarios with high interest rates like the current one.

Digital Banks with the Highest Yield in 2024

Neon: The Institution with the Highest Profitability (up to 113% of the CDI)

Among the analyzed platforms, Neon stands out as offering the highest percentage in the market. The yield starts at 100% of the CDI and increases progressively every six months, reaching a maximum of 113% of the CDI after two years of resource retention.

This structure encourages customer loyalty and rewards those who keep their money invested longer. For long-term investors, this is a particularly attractive option.

99Pay: Competitive Yield up to 110% of the CDI

The mobility app 99 offers through 99Pay a digital account with differentiated yield. Balances up to R$ 5,000 earn up to 110% of the CDI daily, including weekends, unlike traditional wallets that calculate earnings only during business hours.

Above this amount, the profitability is distributed between 80% and 110% of the CDI depending on the balance. Additionally, the platform offers cashback on rides and recharges, adding value beyond the yield itself.

Mercado Pago: Option for Meli Ecosystem Users (up to 105% of the CDI)

Every Mercado Pago account holder automatically receives 100% of the CDI on their balances. However, Meli+ (Mercado Livre loyalty program) subscribers who maintain minimum balances of R$ 1,000 monthly enjoy 105% of the CDI.

This setup particularly benefits those already using the Mercado Livre shopping ecosystem, creating synergy between the platforms.

Other Institutions: Options with 100% to 102% of the CDI

Nubank offers 100% of the CDI through its payment account, automatically investing the resources in Federal Public Securities with daily yield (after the 31st day).

PicPay provides up to 102% of the CDI with the additional advantage of “Piggy Banks,” allowing users to organize savings by customized categories. A simulation on the website shows that R$ 1,000 invested over 24 months would yield R$ 204.12, compared to R$ 129.29 in savings.

Pagbank (PagSeguro platform) offers the Rendeira Account with 100% of the CDI automatically for balances accumulated for 30 days.

Iti (Itaú) offers 100% of the CDI from the first business day within the “My Goals” feature, which functions as a financial goal organizer similar to piggy banks on other platforms.

Banco PAN applies 10% of the CDI in the first 30 days and 100% of the CDI in subsequent months, with daily yield starting from minimum balances of R$ 30.

Analyzing the Question: Which Bank is Yielding the Most?

The answer varies depending on the investment horizon:

For short-term investments (up to 6 months): Nubank, Pagbank, PicPay, and Iti offer immediate yields of 100% to 102% of the CDI, without the need to wait for long lock-in periods.

For medium-term investments (6 months to 2 years): 99Pay with 110% and Mercado Pago with 105% (for Meli+) offer better profitability without very restrictive conditions.

For long-term investments (over 2 years): Neon with 113% of the CDI is the top yield choice, rewarding investor discipline and patience.

Beyond Yield: Extra Features

When choosing which bank is yielding more, don’t consider only the rate. Many platforms add benefits that enhance the return:

PicPay and Iti offer financial organization tools that facilitate planning. 99Pay includes cashback on transactions. Mercado Pago integrates with the shopping ecosystem. These features can make a difference in the overall experience.

CDI vs. Savings: The Structural Difference

The CDI represents the average interest rate of short-term interbank loans and serves as a reference for products like CDBs and investment funds. Unlike the fixed formula of savings, the CDI updates daily, capturing changes in monetary policy (Selic) in real time.

When a product yields 105% or 110% of the CDI, the investor is receiving a multiple of the reference rate, amplifying gains during periods of high Selic.

Investment Strategy in 2024

In a scenario of rising interest rates, the recommended strategy is:

1. Distribute resources across platforms to take advantage of different yields depending on the holding period
2. Consider liquidity profile - if you need frequent access, prefer immediate 100% to 102% of the CDI
3. Explore combinations - use Neon for long-term emergency funds and 99Pay or Mercado Pago for short-term capital
4. Monitor updates - as CDI rates vary, the best bank for you today might not be tomorrow

Conclusion: Maximizing Your Returns

The question “which bank is yielding more” in 2024 has no single answer. Neon leads with the maximum rate (113% of the CDI), but requires a two-year wait. 99Pay offers 110% more accessibly. Mercado Pago combines 105% with ecosystem integration. Nubank, PicPay, Pagbank, Iti, and Banco PAN guarantee 100% to 102% with immediate access.

The ideal choice depends on your time horizon, invested volume, and liquidity needs. Regardless of the institution chosen, migrating resources from savings to any of these digital accounts results in a real gain of 2.5% to 5.5% per year — a substantial difference that grows over time.

In a context where maximizing returns is essential, these digital accounts emerge not only as superior alternatives but as a fundamental strategy to preserve and grow your savings in 2024.