Which bank Which yields the most? The 3 best of 2024!

Did you know that banks offer different returns? That's why we've selected the main banks on the market so you can see which bank offers the highest returns and where it's best to store your money. Check it out!

• Sofisa Direct Bank 👈
• C6 Bank 👈
• Original Bank 👈

Where to save money in 2024?

For those who want to save and earn a good return on their money in 2023, choosing a good bank is crucial. That's why we simulated how much you'll earn in average at the best digital banks for returns. 

The banks that will yield the most in 2024

It is important to remember that the income values of digital banks are approximate and may vary throughout the month. 

The 3 best banks to store your money in 2024

Sofisa Direct Bank

CARD

A traditional bank that offers a complete digital account with all transactions, no fees. You can move your money whenever you need. You can also invest and use the digital bank to make your money grow. 

For example, by depositing R$1,000.00 into your Sofisa digital account, you'll earn a monthly return of up to R$11.00. This is a higher return than other banks in the same category.

Advantages

• Make up to 4 withdrawals per month for free. 
• Account yield can reach 110% of the CDI.
• You have several options for making investments starting from R$ 1.00.
• Credit card with no annual fees associated with the account. 

Disadvantages

• Sofisa Direto bank does not offer loan options.

C6 Bank

CARD

C6 Bank's digital account is an attractive option for those who want all their credit options in one place and free transactions. You have one card available for withdrawals, debit, and credit. It's worth noting that withdrawals are free at 24-hour ATMs. 

When using your C6 Bank digital account, you earn a return of R$104% with daily liquidity, meaning you'll have the funds deposited into your account every day. At the end of a month, by depositing R$1,000.00, you earn an average return of R$10.40.

Advantages

• Account opening process via the app. 
• Free account movement, including withdrawals. 
• Toll tag and parking available. 
• Credit card with no annual fee (subject to analysis). 
• Points system that can be exchanged for tickets, cashback or items. 

Disadvantages

• Cashback is only applied to purchases made at C6 Store.
• The investment value is higher.

Original Bank

CARD

When it comes to CDI yields, Banco Original offers the best rates, reaching 120% of the CDI. To achieve this, your money must have been in the account for at least 1,080 days. The longer it stays, the better. 

You also have access to all banking services, credit cards, investments, and everything else you need to make your account more profitable. It's worth noting that there's a fixed account maintenance fee of R$$ 24.90 per month. 

Advantages

• Availability of 3 types of credit cards: International, Platinum and Black. 
• All cards have cashback. 
• International card with no annual fees. 
• Your money earns more in your account over time. After 1,080 days, you'll earn 120% of the CDI! 
• Various investment options. 

Disadvantages

• To use the account and all its options, you pay a monthly fee of R$ 24.90.

What is better: savings account or interest-bearing account?

When choosing how to invest your money in a bank that yields the most, you should consider the following points: returns, charges and fees, ease of managing and investing your money. 

See a comparison chart of savings and interest-bearing accounts:

Savings account: advantages and disadvantages

Advantages

• Low cost: no administration fee. 
• There is no chance of the money decreasing.
• IR exemption.
• Guaranteed by the FGC, the Credit Guarantee Fund. 
• Ease of application. 

Disadvantages

• Income may be below inflation.
• Yield is usually low.
• Remuneration occurs only once a month, on the account anniversary date.

Interest-bearing account: advantages and disadvantages

Advantages

• The hiring process is simple. 
• You can hire 100% online. 
• They offer higher returns than savings accounts. 
• They have insurance against risks. 
• They are guaranteed by the FGC. 
• They allow account liquidity at any time, without penalty. 
• You receive the money by deposit or transfer, like any account. 

Disadvantages

• Each institution decides how the profitability of its account works, which can be monthly or daily liquidity.
• The amounts are subject to taxation (IR and IOF).

Are interest-bearing accounts safe?

For credit companies to offer interest-bearing accounts, they must be registered with the Central Bank of Brazil. Therefore, they must follow a set of rules established to ensure customer security. 

So, the first step to depositing money in a bank that yields more is to find out if it is regularized. 

In general, interest-bearing accounts are guaranteed by the Credit Guarantee Fund, which provides protection for amounts of up to R$250,000 per CPF, providing greater security for those who have money invested in interest-bearing accounts. 

Furthermore, it is important to know the institution you are going to invest in well and check its reputation, so that you can have your money safer. 

Frequently asked questions about the highest-yielding banks

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