Which Savings Account Yields the Most? Discover the Best Digital Accounts of 2024

Leaving resources idle in traditional savings accounts has become synonymous with losing purchasing power. With a fixed return of only 7.41% per year, many Brazilians are seeking more attractive alternatives. The good news? Digital banks are exploding in popularity precisely because they offer accounts that automatically yield above the savings rate, with some reaching up to 113% of the CDI.

Why Abandon Savings in 2024

Savings accounts operate with a fixed formula: 70% of the Selic rate + the Referential Rate (which is zero). The yield updates only once a month, on the deposit anniversary. Digital accounts with CDI calculate returns daily, resulting in quite different outcomes.

Simple as that: while savings yields 7.41% per year, an account offering 100% of the CDI generates 10.40% annually. The difference multiplies in periods of high Selic. A practical example: R$ 1,000 in 24 months yields R$ 204.12 with the CDI versus only R$ 129.29 in savings.

The Highest Yields: Which Digital Bank to Choose

Neon Leads with 113% of the CDI

Neon offers stepped growth: starts at 100% of the CDI and increases the percentage every six months until reaching 113% after two years. The longer the money stays, the better the return.

99Pay: 110% for Small Amounts

On the mobility platform 99, balances up to R$ 5,000 earn 110% of the CDI daily, including weekends. Above that, the rate drops to 80% of the CDI. Differential: cashback on rides and recharges.

Mercado Pago with Bonus for Subscribers

Any account yields at least 100% of the CDI. Those who subscribe to Meli+ (Mercado Livre’s program) and transfer R$ 1,000+ monthly increase to 105% of the CDI. Automatic yield from day one.

PicPay: 102% with Goal Organization

Founded in 2012, offers “Piggy Banks” tool to categorize savings. Yields 102% of the CDI on all business days. Transparency: online simulator shows exactly how much your money earns.

Nubank: 100% of the CDI with Total Flexibility

The largest Brazilian digital bank offers a payment account (not a checking account, not a savings account) that automatically invests in Federal Public Securities. Yields 100% of the CDI daily after 31 days. Different from savings which updates once a month.

Pagbank: 100% Directly from PagSeguro

PagSeguro’s platform with “Rendition Account” offers 100% of the CDI automatically for balances accumulated over 30 days. Maximum simplicity: money enters and starts earning.

Iti from Itaú: 100% From the First Business Day

Digital account with “My Goals” tool (similar to piggy banks). Yields 100% of the CDI starting from the first business day in the feature. Ideal for those wanting to organize financial objectives.

Banco PAN: Starts Earning with R$ 30

Lowest entry in the market (minimum R$ 30) offers 10% of the CDI in the first 30 days, then rises to 100% of the CDI. No maximum balance limit. Automatic daily profitability.

Understanding the CDI: Why It Yields More Than Savings

CDI (Interbank Deposit Certificate) is a reference rate that reflects the average interest on loans between banks. It updates daily, tracking the Selic, unlike savings which uses a fixed formula.

When a product yields “above 100% of the CDI,” it earns more than savings, especially in periods of high Selic. It’s simple math: a dynamic rate beats a fixed rate.

Which to Choose? Practical Tip for 2024

The choice depends on your profile:

• Maximum return with patience: Neon (113% CDI) if you leave it for 2 years
• Higher mobility: 99Pay if you use 99 frequently
• Goal organizer: PicPay or Iti with their “piggy banks”
• Want to start small: Banco PAN with R$ 30
• Total simplicity: Nubank or Pagbank

All offer yields higher than the 7.41% of savings. The real choice is: the better the rate, the more money you earn automatically. In a high Selic scenario, these digital accounts emerge as smart options for maximizing returns.