Which Bank Yields More in 2024: Digital Account Comparison Guide

Investing money in accounts that offer better returns is essential in 2024. When comparing which bank yields more, it is important to understand that digital accounts emerged as a significantly superior alternative to traditional savings. While the latter offers only 7.41% per year, modern financial institutions provide yields linked to the CDI, reaching up to 113% in some cases.

Why Do Digital Accounts Yield More?

The fundamental difference lies in the yield index. Savings accounts use a fixed formula based on 70% of the Selic rate plus the Referential Rate, calculated monthly only on the deposit anniversary dates. The CDI (Interbank Deposit Certificate) is updated daily, reflecting the average loan rate between banks and closely tracking the Selic. This means that investing in digital accounts offers much more frequent yield updates and, consequently, higher returns.

For example: R$ 1,000 invested for 24 months at 100% CDI generates approximately R$ 204 in earnings, while in savings the gain would be only R$ 129.

The Main Digital Banks and Their Yields

Which Bank Yields More: Direct Comparison

Premium Category (above 110% CDI): Neon stands out with a progressive yield starting at 100% and reaching 113% of CDI after two years of permanence. 99Pay offers up to 110% for balances up to R$ 5,000, with the additional advantage of cashback on transactions.

Intermediate Category (105-109% CDI): Mercado Pago offers 105% of CDI for Meli+ program members who maintain a minimum balance of R$ 1,000 monthly. PicPay provides 102% of CDI, with the “Cofrinhos” feature to organize savings by categories.

Standard Category (100% CDI): Nubank invests in Federal Public Securities with yields on all business days after 31 days. PagBank offers 100% of CDI through the “Rendeira Account,” while Banco PAN starts with 10% in the first 30 days and then goes to 100%. Iti, Itaú’s digital bank, offers 100% in the “Minhas Metas” tool, allowing resources to be separated by specific goals.

Understanding CDI and Making the Right Choice

CDI is essentially the reference rate governing the Brazilian financial market, serving as the basis for calculating returns on various investment products. Unlike savings, which follow a rigid formula and monthly adjustments, CDI allows your investments to grow continuously, reflecting changes in economic conditions.

When a bank offers “100% of CDI,” it means you receive the full rate. Offers of “110% of CDI” or higher indicate that the institution adds a bonus over the base index, enhancing your gains.

Which Bank to Choose: Practical Analysis

The answer to which bank yields more depends on your goals. If your priority is to maximize pure returns, Neon offers the highest progressive rate. For those who appreciate additional benefits, 99Pay combines high profitability with cashback. Mercado Livre users find value in the Meli+ program. Those seeking security in the brand opt for iti or PagBank.

Regardless of the choice, all these options significantly outperform the 7.41% annual savings rate. Most require a modest minimum balance or no requirements at all, making them accessible to any Brazilian who wants to optimize their savings.

Conclusion

In 2024, the clear answer to which bank yields more is digital accounts with CDI-based returns. The difference compared to savings accounts is substantial, especially in periods of high Selic. With variations from 100% to 113% of CDI, these institutions offer not only better profitability but also practicality, extra features, and flexibility. Maximizing the return on your savings is no longer complex; just switch to a digital account that aligns with your investor profile and financial goals.