Which Bank Offers the Highest Yield? Discover 8 Options That Outperform Savings Accounts in 2024

Investments in digital accounts are becoming a more profitable alternative to the traditional savings model. With yields linked to the CDI, these platforms offer significantly higher gains. Below, we detail the main institutions and their respective returns.

Why Switch from Savings to Digital Accounts?

Choosing a digital bank account with higher yields goes beyond numbers. The current savings account offers approximately 7.41% per year plus the Referential Rate (currently zero), resulting in modest returns. In contrast, accounts that pay 100% of the CDI generate an annual return of about 10.40% – a considerable difference in the long run.

The daily update of the CDI, compared to the monthly calculation of savings, provides greater dynamism to investments. A R$ 1,000 deposit invested in CDI for 24 months can yield R$ 204.12, while savings generate only R$ 129.29 – an advantage of approximately 58% in additional gains.

Ranking of Digital Banks with the Highest Yield

Neon – Up to 113% of the CDI: The Top of Profitability

The bank with the highest yield in this analysis is Neon, which offers progressive growth. It starts at 100% of the CDI and expands up to 113% every semester, reaching the maximum potential after two years. The strategy encourages capital retention, reducing discounts on returns as the investment period increases.

99Pay – Up to 110% of the CDI with Extra Benefits

The mobility platform 99 offers returns of up to 110% of the CDI for balances up to R$ 5,000 in the dedicated tab. Above this threshold, the combination reaches 110% on smaller amounts and 80% on the excess. Notably, the yield occurs seven days a week, including weekends, with additional cashback on rides and recharges.

Mercado Pago – Up to 105% of the CDI for Premium Subscribers

No requirements for a basic account (100% of the CDI), Mercado Pago increases profitability to 105% of the CDI for those who join the Meli+ (loyalty program) by maintaining monthly deposits starting at R$ 1,000.

PicPay – 102% of the CDI with Organization Tools

Founded in 2012, the platform pays 102% of the CDI daily, complementing the experience with “Piggy Banks” – a feature that categorizes savings according to personal goals.

Nubank, Pagbank, Iti, and Banco PAN – 100% of the CDI

These banks converge to a yield of 100% of the CDI with operational variations:

• Nubank: Applies deposits in Federal Public Securities, updating returns on business days after the 31st day
• Pagbank: Offers a Rendeira Account with automatic remuneration for static balances over 30 days
• Iti (Itaú): Integrates yield with the “My Goals” feature, organizing investments by objectives from the first business day
• Banco PAN: Pays from R$ 30, with 10% of the CDI in the first 30 days and 100% afterward

Understanding the CDI and Its Relationship with Yield

The Interbank Deposit Certificate (CDI) functions as a reference rate for short-term operations between financial institutions. It follows the movements of the Selic rate and serves as a basis for CDBs, LCIs, and investment funds.

When an account offers above 100% of the CDI, the potential return can surpass that of savings, especially in scenarios of high Selic rates. The daily calculation of the CDI allows frequent updates, providing greater transparency compared to the monthly recalculation of savings.

Comparative Analysis: Which to Choose?

The decision on the bank with the highest yield depends on the investor’s profile. Long-term investors benefit from Neon (up to 113% CDI). Users prioritizing accessibility and additional features find options in PicPay and Iti. Those seeking maximum flexibility and cashback may prefer 99Pay.

All these banks consistently outperform savings, making it obsolete to maintain significant balances in the traditional product.

Final Considerations

In 2024, the investment landscape for small and medium savers has radically transformed. Digital banks with higher yields not only multiply savings more efficiently but also add functionalities that simplify personal financial management.

In a context of high interest rates, migrating to CDI-based accounts is a smart strategic decision, consolidating substantially better returns without sacrificing liquidity or security.