## What Is the Best Digital Bank to Grow Your Money in 2024? Complete Guide to the Highest Yields

If you're looking for the best bank to grow your money instead of letting your savings sit idle, know that Brazilian digital banks have offered a quiet revolution. Gone are the days when savings accounts were the only viable option. Today, digital payment accounts provide returns that can be up to three times higher.

### Why Did Savings Accounts Fall Behind?

The answer lies in the mechanics behind each product. Savings accounts yield only 7.41% per year, with monthly updates limited to deposit anniversaries. Meanwhile, digital financial institutions have started offering accounts linked to the CDI, which operates quite differently.

The CDI (Interbank Deposit Certificate) is updated daily and reflects the average interest rate between short-term banking operations. When you find a digital bank that yields 100% of the CDI, you're earning interest every business day, not just once a month.

### The Numbers Speak Louder

A practical simulation reveals the real impact: R$ 1,000 invested for 24 months yields R$ 204.12 in CDI-linked accounts versus only R$ 129.29 in savings. This R$ 74.83 difference in just two years illustrates why so many Brazilians have migrated to digital platforms.

### Which Is the Best Digital Bank for Your Needs?

**Neon - Progressive Yield (up to 113% of the CDI)**

Starts at 100% of the CDI and gradually increases each semester until reaching 113% after two years. The longer you keep the money, the lower the discount rate on the yield.

**Nubank - Guaranteed Consistency (100% of the CDI)**

One of the largest digital banks, invests deposits in Federal Public Securities. Unlike savings, it offers returns on all business days after the thirtieth day, not just on anniversaries.

**PicPay - Organized Gains (102% of the CDI)**

In addition to the 102% of the daily CDI, it allows creating "Piggy Banks" to organize savings by category. The flexibility combined with above-average returns makes this option interesting for those who like to structure their finances.

**Mercado Pago - Tiered Yield (up to 105% of the CDI)**

Money earns at least 100% of the CDI. Meli+ subscribers who deposit R$ 1,000 or more monthly access 105% of the CDI, turning frequent spending into additional returns.

**99Pay - Highlight in Mobility (up to 110% of the CDI)**

Balances up to R$ 5,000 earn 110% of the CDI daily, including weekends. Above that, it combines 80% with 110% CDI. Additionally, it offers cashback on rides and recharges.

**Other Competitors in the Market**

Pagbank offers 100% of the CDI with a minimum of 30 days. Iti (Itaú) provides 100% of the CDI from the first business day via the "My Goals" feature. Banco PAN starts at 10% of the CDI in the first 30 days, then evolves to 100%, requiring only R$ 30 minimum balance.

### Understanding the CDI in Practice

The CDI acts as a thermometer for the financial market. When the Selic rate rises, the CDI follows. This means that during periods of high interest rates, products linked to the CDI automatically generate higher returns, without investor intervention.

The fundamental difference: savings accounts use a fixed formula (70% of the Selic + Referential Rate), while the CDI reflects the market in real time. When a product yields above 100% of the CDI, it captures opportunities that savings accounts will never reach.

### Annual Return Comparison

In a high Selic scenario, CDI accounts at 100% generate 10.40% per year. The best offers (113% at Neon or 110% at 99Pay) amplify this return even further. Choosing the best bank to grow your money depends not only on the percentage but also on additional features and minimum balance requirements.

### The Strategy for 2024

With options ranging from 100% to 113% of the CDI, the landscape offers real opportunities. If you leave money idle in savings, you're automatically leaving gains on the table. Digital banks not only provide better returns but also offer flexibility, goal organization, and benefits like cashback.

Migrating to digital accounts means more than just changing institutions—it's a real optimization of your assets. Considering that the accumulated difference over two years can exceed R$ 74 per thousand reais invested, the question ceases to be "which is the best bank" and becomes "how much longer will you wait to make the switch?"