Which Bank is Best for Earning Money in 2024: Complete Profitability Guide

Choosing the best bank to grow your money is an increasingly important decision for those looking to optimize their savings. In 2024, digital banking platforms have established themselves as key players in this pursuit of higher profitability, offering rates significantly above traditional savings accounts.

Why Abandon Traditional Savings

Leaving funds idle results in a real loss of purchasing power. Although savings accounts are a safe option, they yield only 7.41% annual return, supplemented by the Referential Rate (currently zeroed out). Meanwhile, the best bank to grow your money offers alternatives with returns above 100% of the CDI, reaching up to 113% in some cases – a substantial difference that amplifies over time.

A practical simulation demonstrates this disparity: R$ 1,000 invested for 24 months generates approximately R$ 204 in CDI versus only R$ 129 in savings. This 58% difference illustrates why searching for the best bank to grow your money is not just a matter of cents.

Understanding the CDI: The Driver of Profitability

The Interbank Deposit Certificate (CDI) functions as a reference rate for the Brazilian financial system, reflecting movements in the Selic rate. Unlike savings, which use a fixed formula (70% of the Selic + TR) and are updated monthly, the CDI is recalculated daily, providing constant updates to earnings.

When a bank offers 100% of the CDI, it means the account holder receives this rate in full. Above 100%, the institution adds to the yield. This fundamental difference explains why the best bank to grow your money is not necessarily the most famous, but the one offering the best CDI conditions.

Leaders in Profitability: Options from 100% to 113% of CDI

Neon stands out as the top choice, offering a progressive yield starting at 100% of CDI and increasing to 113% every semester, reaching the peak after two years. For those planning long-term growth, this increasing structure provides a competitive advantage.

99Pay is close, offering up to 110% of CDI for balances up to R$ 5,000, operating every day of the week – including weekends – unlike many competitors. The platform also offers cashback on transactions, adding benefits beyond pure profitability.

Mercado Pago reaches 105% of CDI for subscribers of the Meli+ program, with a minimum investment of R$ 1,000 per month. The 100% CDI base is available to any account holder.

PicPay achieves 102% of CDI, with a “Piggy Banks” feature to organize savings by category. This structure shows that earnings surpass savings by approximately 60% over the same period.

Alternatives with 100% of CDI: Solid and Simple

Nubank, the largest digital bank in the country, offers 100% of CDI through a payment account that automatically invests in Federal Public Securities. Daily returns after the 31st day differ from savings, which only accrue on deposit anniversaries.

Pagbank (PagSeguro platform) provides a “Rendable Account” with automatic 100% of CDI after 30 days of holding.

Iti (Itaú) offers 100% of CDI in the “My Goals” feature from the first business day, allowing segmentation of financial objectives.

Banco PAN structures its profitability in two tiers: 10% of CDI in the first 30 days and 100% of CDI thereafter, with a minimum balance of just R$ 30.

Which is the Best Bank to Grow Your Money: Criteria for Choice

When determining the best bank to grow your money, consider not only the CDI rate offered but also:

• Liquidity: All these banks allow immediate withdrawal, maintaining flexibility
• Additional features: Goal organization, cashback, categorization of savings
• Application profile: If the money will stay long-term, banks with a rate progression (like Neon) offer an advantage
• Ease of use: Intuitive interface and stable app are practical differentiators
• Additional benefits: Cashback, discounts, loyalty programs

Annual Profitability Comparison

For R$ 10,000 invested over 12 months with the current Selic rate levels:

• Savings: ~R$ 741
• CDI 100%: ~R$ 1,040
• CDI 102%: ~R$ 1,060
• CDI 105%: ~R$ 1,092
• CDI 110%: ~R$ 1,144
• CDI 113%: ~R$ 1,175

The difference between savings and the best bank to grow your money (Neon with 113%) represents a 58% gain over the period.

Optimized Strategy for 2024

Combining multiple accounts enhances profitability. Transferring smaller amounts to accounts with progression (like Neon) while maintaining immediate reserves in stable options (Nubank, Iti) offers flexibility with optimized returns.

In a high-interest-rate environment, the best bank to grow your money is not a question with a single answer but a strategic decision based on personal goals. Digital platforms have become the superior alternative to traditional savings, delivering not only better returns but also modern interfaces, total mobility, and additional resources that transform financial management.

Therefore, the decision lies in aligning the choice of bank with the investor’s profile: those seeking safety and simplicity find excellence in 100% of CDI; long-term investors benefit from progressive structures; those valuing additional benefits gain advantages from platforms combining rates and cashback.