The Digital Banks with the Best Yields in 2024: Discoveries Beyond Traditional Savings

The search for better returns than conventional savings accounts has led many Brazilians to explore digital platforms. In 2024, the scenario shows a clear trend: digital banks with higher yields are able to significantly surpass the 7.41% annual return of traditional savings, providing a much more dynamic and advantageous financial experience.

Why Do Digital Banks Yield More?

The answer lies in the yield structure linked to the CDI (Interbank Deposit Certificate). While savings accounts operate with a fixed formula based on 70% of the Selic rate plus the Referential Rate, digital banks with higher yields use the CDI as a reference, an index that updates daily and closely follows the movements of the Selic rate.

This difference is substantial. A digital account offering 100% of the CDI generates an approximate annual yield of 10.40%, while those reaching 105%, 110%, or even 113% of the CDI amplify gains even further. The daily calculation, unlike the monthly update of savings accounts, allows investors to have more frequent and consistent returns.

Mapping the Best Yield Options

When analyzing the market of digital banks with the best yields, we discover an impressive variety of strategies to maximize wealth:

Nubank leads with its payment account that automatically applies deposits into Federal Public Securities, generating 100% of the CDI with yields on all business days after the 31st day.

Neon offers a progressive proposal: starting at 100% of the CDI and gradually increasing to 113% after two years, rewarding investor loyalty.

PicPay, founded in 2012, offers 102% of the CDI with the additional feature of “Piggy Banks” to organize savings. A practical simulation reveals that R$ 1,000 invested for 24 months generates R$ 204.12 versus R$ 129.29 in savings.

Pagbank, the platform of PagSeguro, provides the Rendeira Account with automatic yield of 100% of the CDI after 30 days.

Mercado Pago starts with 100% of the CDI for any individual account but offers 105% for Meli+ subscribers who maintain a minimum balance of R$ 1,000 monthly.

99Pay stands out for yields up to 110% of the CDI on balances up to R$ 5,000, with the advantage of calculating gains every day, including weekends, besides offering cashback on transactions.

Iti, Itaú’s account, provides 100% of the CDI from the first business day through the “My Goals” tool, allowing the organization of financial objectives.

Banco PAN democratizes access: starting from R$ 30, the balance yields automatically, with 10% of the CDI in the first 30 days and 100% of the CDI afterward.

Crucial Differences Between CDI and Savings

Savings accounts follow an immutable formula: 70% of the Selic + TR (zeroed out for some time). The yield updates monthly on each deposit’s anniversary, creating missed opportunity windows.

The CDI, in turn, represents the average rate of short-term interbank loans. Its daily update creates a more market-responsive yield. When a digital bank offers percentages above 100% of the CDI, it is effectively multiplying this advantage, especially in periods of high Selic.

The 2024 Scenario and Investment Strategy

The year has consolidated diversification options for those seeking to make their money work. Digital banks with higher yields not only numerically outperform savings but also add functionalities such as goal organization, integrated cashback, and simplified mobile access.

Returns vary between 100% and 113% of the CDI, a range that can represent significant differences in long-term investments. For those with R$ 10,000 invested, the difference between 100% and 113% of the CDI can generate hundreds of reais in additional annual gains.

Besides higher yields, these accounts offer flexibility that traditional savings do not: immediate withdrawal, no penalties, and the ability to organize savings categorically. In a high-interest scenario, maximizing returns on savings has ceased to be optional and has become strategic.

For those planning where to invest their money in 2024, considering one of the digital banks with the best yields is a natural evolution: higher returns, simplified operation, and additional benefits all in one place.