What is a current account? Current Pass is a flexible cash management account with expected annualized expected returns that far exceeds that of current deposits. Depositing into Current Pass means purchasing Huaxia Cash Increased Monetary Fund, with low capital risk and no handling fees for deposits and withdrawals. Current Account is a cash account of China Asset Management that is expected to have annualized expected returns far exceeding that of current accounts and with fast and flexible fund withdrawals. Depositing into a current account is equivalent to purchasing the Huaxia Cash Interest-increasing Monetary Fund, which can obtain expected annualized returns that far exceed current savings. Moreover, users can withdraw as they please without any fees. At the same time, free credit card repayments, mortgage and car loans are supported. Loans, inter-bank transfers and other functions. Here is a comparison between Huaxia Deposit Pass and Yu'e Bao for your reference.

Comparison of companies: Current Account - China Asset Management. China Asset Management was established in 1998. It is an old fund company with stronger guarantee capabilities. Yu'E Bao - Tianhong Fund, an emerging fund company established in 2004, has cooperated with Alipay to launch Yu'E Bao.

Comparison of expected annualized expected returns: The seven-day historical expected annualized expected returns of Deposit Pass and Yu'e Bao are both around, which is more than ten times higher than the expected annualized interest rate of life deposits.

Liquidity ability: Current Pass supports 19 bank cards, with fast cash withdrawal at any time and real-time payment. The upper limit of a single cash withdrawal is 50,000 yuan, and the total amount in a single day is 200,000 yuan, with no handling fee. Methods of cashing out the Current Tong: Current Tong - bank card - ATM Yu'e Bao is a financial product that cooperates with Alipay. The upper limit of cash withdrawals for a single transaction, a single day, and a single month is 1 million, but it can only be connected to Alipay and needs to be transferred to Alipay first. It takes 2 hours to complete the cash withdrawal. There is no charge for Alipay redemption, but the service fee charged by Alipay to the bank card is a minimum of 2 yuan and a maximum of 25 yuan. However, the handling fee can be waived by using mobile Alipay or some promotional methods. Ways to cash out Yu'e Bao: Yu'e Bao - Alipay - bank card - ATM

Functional services: Current payment of credit cards, loans, car loans, and housing loans are all completed in association with bank cards. There is a balance management function. Yu'e Bao can directly complete the shopping function, and other functions require Alipay as a medium to complete. Generally speaking, Alipay is the foundation of Yu'e Bao.