So guys, I’ve been researching which account yields more and I found this comparison between the digital banks that have emerged over the years quite interesting. Basically, everyone who leaves money sitting in savings is losing money because it yields about 7% per year, while there are digital accounts out there offering 100% of the CDI or even more.

The thing is, these digital banks like Nubank, Neon, PicPay, and others discovered that if they offer automatic returns linked to the CDI, people will leave their savings instantly. The CDI is updated every business day, not just once a month like savings, so the money grows faster. Some banks are offering up to 113% of the CDI if you leave your money for a longer period.

I did some calculations here: R$ 1,000 in savings yields about R$ 130 in two years, while in an account earning 102% of the CDI, it yields over R$ 200. What a difference, right? And the best part is that many of these apps still offer cashback, tools to organize savings goals, and other features.

Some start with 100% and gradually increase, like Neon, which reaches 113% after two years. Others, like Banco PAN, start with 10% in the first 30 days and then go to 100%. The 99Pay offers up to 110% for those who leave up to R$ 5,000 in the account. It depends on how much you want to keep and for how long.

The important detail is that the CDI follows the Selic rate, so when the Selic is high, your money earns more. That’s why in recent years it became so attractive to move money from savings to these digital accounts. The real return is quite different when you compare side by side.

If you’re thinking about which account yields more in 2024 and beyond, the answer is: any linked to the CDI will be better than savings. Now, which one to choose depends on whether you want immediate returns, if you prefer it to grow over time, or if you want to take advantage of cashback. But one thing’s for sure: leaving money idle in savings in 2024 no longer makes sense.