Which bank yields the most in 2024? Discover the best returns

The search for the most profitable bank has become essential for those looking to maximize their savings returns. In 2024, digital banks have emerged as leaders in this pursuit, offering accounts with automatic yields that significantly surpass traditional savings.

Why Digital Banks Win Over Brazilians

Digital banks are transforming Brazilians’ relationship with money, providing a faster and more convenient banking experience. But the key difference lies in something very tangible: profitability. While savings accounts offer only 7.41% per year (plus Zero Referential Rate), many digital platforms provide yields reaching 113% of the CDI.

Understanding Yield: CDI vs Savings

Before identifying which bank yields the most, it’s essential to understand the difference between these two options.

The CDI (Interbank Deposit Certificate) represents the average interest rate banks practice on loans between themselves. Unlike savings, which have a fixed return and are updated monthly, the CDI is calculated daily. An account offering 100% of the CDI on balances held for more than 30 days generates approximately 10.40% per year.

When an institution offers 105% or 113% of the CDI, it means the investor receives an additional percentage over this index, further boosting earnings.

The Banks That Yield the Most in 2024

Neon - Up to 113% of CDI

The bank that currently yields the most is Neon, with its progressive yield policy. Starting at 100% of CDI, the percentage increases every six months, reaching a maximum of 113% after two years of participation. The longer the investment period, the lower the deductions on the earnings.

99Pay - Up to 110% of CDI

On the mobility platform, balances up to R$ 5,000 earn yields of up to 110% of CDI daily, including weekends and holidays. Above this amount, the yield varies between 80% and 110% of CDI depending on the tier. Additionally, it offers cashback on rides and recharges.

Mercado Pago - Up to 105% of CDI

Users with a Meli+ subscription who maintain balances of R$ 1,000 or more monthly access a yield of 105% of CDI. Non-subscribers receive at least 100% of CDI on their reserves.

PicPay - Up to 102% of CDI

Since its founding in 2012, PicPay offers accounts with “Piggy Banks” functionality to organize savings by categories. Balances earn 102% of CDI daily, representing R$ 204.12 in gains over 24 months on R$ 1,000 invested, compared to just R$ 129.29 in savings.

Nubank - 100% of CDI

One of the largest digital banks in the country, Nubank provides payment accounts where the money is automatically invested in Federal Government Bonds. Unlike savings, which only yield on deposit anniversaries, it offers returns on all business days after the 31st day.

Pagbank - 100% of CDI

PagSeguro’s financial services platform offers the Rendeira Account, with automatic yield of 100% of CDI on balances held for 30 days or more.

Iti - 100% of CDI

Itaú’s digital solution offers a yield of 100% of CDI through the “My Goals” feature, allowing users to organize finances and allocate resources according to objectives. Earnings start from the first business day of the investment.

Banco PAN - 100% of CDI (with progression)

PAN offers a two-stage yield structure: 10% of CDI in the first 30 days and 100% of CDI in subsequent periods, with a minimum balance of just R$ 30.

Comparative Analysis: Which Bank Yields the Most?

The choice of the bank that yields the most depends on the investor’s profile. For those seeking maximum profitability and able to keep resources long-term, Neon stands out. For mobility and daily gains, 99Pay offers advantages. For simplicity and reliability of large institutions, Nubank and Iti are excellent options.

Why Choose Digital Accounts?

The digital bank accounts that yield the most offer much more than just numbers. They combine:

• Higher profitability: 7 to 15% above savings annually
• Flexibility: No withdrawal limits or mandatory terms
• Ease of access: Fully via app
• Additional features: Goal organization, cashback, and other benefits

Conclusion: Choosing the Bank That Yields the Most

In 2024, leaving savings in traditional accounts has become a questionable financial decision. Digital banks offering yields based on CDI represent a clear evolution in this strategy, especially when interest rates remain high.

The bank that yields the most varies according to individual goals, but all share a fundamental characteristic: delivering returns significantly higher than those of traditional savings. If your goal is to maximize your money’s return in 2024, exploring these digital platforms is not only recommended but essential for any conscious investor.