Which Savings Account Yields the Most? Discover the Best Digital Accounts for 2024

Why Isn’t Your Savings Account Earning Enough?

Keeping money idle is a mistake. Traditional savings, with its 7.41% per year, is falling behind. The good news? Digital banks have discovered a better formula: accounts that automatically yield linked to the CDI, with returns reaching up to 113% of this index.

The natural question is: which savings account yields the most in 2024? The answer isn’t in traditional institutions but in digital platforms that revolutionized the Brazilian financial market.

Understanding the CDI: The Villain of Traditional Savings

Before comparing, you need to understand why CDI is superior. The Interbank Deposit Certificate (CDI) functions as the average rate of loans between banks, updating daily and tracking the Selic rate in real time.

Savings, on the other hand, follows a frozen formula: 70% of the Selic plus the Referential Rate (TR), with updates only on the deposit anniversaries each month. While CDI moves constantly, savings remains static for weeks.

A practical example: R$ 1,000 invested for 24 months at 100% of CDI generates R$ 204.12, compared to R$ 129.29 in savings. The difference is significant.

The Highest Yields: Which Savings Accounts Yield the Most Among Digital Banks?

Top of the List: Neon with 113% of CDI

Neon offers a progressive system. It starts at 100% of CDI and increases every semester, reaching 113% after two years. The longer you leave the money earning, the higher the percentage achieved. It encourages financial discipline.

Good Alternatives: 99Pay and Mercado Pago

99Pay offers up to 110% of CDI for balances up to R$ 5,000, with the advantage of earning daily, including weekends. Mercado Pago offers 105% of CDI for those subscribing to Meli+ and maintaining R$ 1,000 or more monthly.

Solid Options: Nubank, Iti, and PAN

Nubank, the largest digital bank in the country, offers 100% of CDI with earnings on business days after the 31st day. Iti (Itaú) allows goal setting and yields from the first business day. Banco PAN starts at 10% of CDI for the first 30 days and rises to 100% afterward.

Other Platforms: PicPay and Pagbank

PicPay offers 102% of CDI with the “Piggy Banks” feature to organize savings. Pagbank, from PagSeguro, provides 100% of CDI automatically after 30 days.

Comparative Table: Yields in 2024

Why Do These Accounts Outperform Savings?

The difference lies in continuous updating. While savings waits for the deposit anniversary day, CDI-linked accounts update daily. In a high Selic rate scenario, this difference multiplies quickly.

Additionally, many of these platforms offer extra features: cashback on purchases, goal organization, withdrawal flexibility, and user-friendly interfaces that make daily financial management easier.

The Right Strategy for 2024

Which savings account yields the most? None. The real answer is that you should abandon savings and switch to digital accounts with CDI returns. In 2024, with interest rates at elevated levels, leaving money in savings is losing money in real time.

The choice among options depends on your needs: if you want maximum profitability, Neon is unbeatable. If you prefer flexibility and cashback, 99Pay stands out. If simplicity is your priority, Nubank offers a hassle-free experience.

The current scenario favors those who take action. Open a digital account today and start seeing your money truly grow.