Maximize Earnings: Which is the Best Digital Bank to Invest Your Savings in 2024?

Leaving funds idle in a traditional checking account has become increasingly less advantageous. Conventional savings, with its limited return of 7.41% per year, no longer meets the needs of modern investors. Fortunately, the landscape has changed significantly with the explosion of digital banks, which now offer much more profitable alternatives through accounts with automatic yields linked to the CDI.

Why Do Digital Banks Outperform Traditional Savings?

The difference lies in the calculation mechanism. While savings use a fixed formula (70% of the Selic plus the Referential Rate), accounts in digital banks operate based on the CDI, which is recalculated daily. An account offering 100% of the CDI generates approximately 10.40% per year – already a substantial gain compared to the 7.41% of savings. But this is just the beginning: several banks offer yields that significantly surpass this mark.

The Best Banks to Grow Your Money: Know Your Options

Neon: Progressive Yield up to 113% of the CDI

Neon stands out for an innovative model where the yield starts at 100% of the CDI and gradually increases each semester, reaching 113% after two years. The longer the investment period, the lower the discount rate – a strategy that rewards customer loyalty.

Mercado Pago: 105% of the CDI for Premium Users

The platform offers a minimum yield of 100% of the CDI for any active account. However, those who are subscribers of Meli+ and transfer at least R$ 1,000 monthly can increase their earnings to up to 105% of the CDI on the balance and reserves.

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

The mobility app offers yields of up to 110% of the CDI for balances up to R$ 5,000. Above this amount, the combination of 80% + 110% of the CDI still guarantees excellent returns. An important differential: the yield occurs every day of the week, including weekends, in addition to offering cashback on rides and recharges.

Nubank: Simplicity with 100% of the CDI

As one of the largest digital banks in the country, Nubank maintains a simple proposal: invest the money in Federal Public Securities earning 100% of the CDI. The advantage is daily yield after 31 days, unlike savings which only updates monthly.

PicPay: 102% of the CDI with Smart Organization

Founded in 2012, PicPay offers the “Piggy Banks” feature to organize savings by categories. With a yield of 102% of the CDI on all business days, an investment of R$ 1,000 for 24 months yields R$ 204.12 compared to just R$ 129.29 in traditional savings.

Pagbank: Automatic Rendimento Account of 100% of the CDI

PagSeguro’s financial platform offers the Rendimento Account, which automatically applies 100% of the CDI on idle balances for 30 days, without the need for additional transactions.

Iti (Itaú): Automatic Yield from Day One

Iti provides accounts with 100% of the CDI through the “My Goals” feature, which allows separating resources by financial objectives. The differential is that the yield starts from the first business day, not after 30 days like in other platforms.

Banco PAN: Tiered Yield Starting at R$ 30

PAN offers automatic investment with 10% of the CDI in the first 30 days and 100% of the CDI afterward. The minimum requirement is just R$ 30, with no maximum limit – making it accessible for different investor profiles.

Understanding the CDI: The Basis of the Best Returns

The CDI (Interbank Deposit Certificate) functions as the reference rate of the Brazilian financial market, reflecting the average interest rate of short-term operations between institutions. Unlike savings, which follows a fixed formula and updates monthly, the CDI is recalculated daily, allowing investments linked to it to better follow economic fluctuations.

When a product offers yields above 100% of the CDI, it means it amplifies the reference rate itself – especially advantageous during periods of high Selic.

Practical Comparison: How Much Does Your Money Grow?

Consider an investment of R$ 10,000:

• Traditional savings: ~R$ 741 per year
• 100% CDI: ~R$ 1,040 per year
• 110% CDI: ~R$ 1,144 per year
• 113% CDI: ~R$ 1,176 per year

The accumulated difference over years becomes substantial.

Beyond Yields: Additional Features

Many of the best banks to grow your money offer benefits beyond profitability:

• Goal and category organization
• Cashback on purchases and services
• No administrative fees
• 24/7 app access
• Full liquidity of resources

Conclusion: Smart Choice in 2024

When deciding where to invest your savings in 2024, considering a digital bank with CDI-based yields is a superior strategy to traditional savings. The variation between 100% and 113% of the CDI offered by the analyzed institutions represents real gains when compared to the 7.41% annual savings rate.

The best banks to grow your money combine attractive returns with modern functionalities and total access flexibility. In a context of high interest rates, maximizing your savings’ return has become essential – and these digital accounts emerge as promising alternatives for those seeking to optimize their investments with security and simplicity.