Open-ended wealth management products refer to various rolling cycles provided by banks, such as 1 day, 7 days, 2 weeks and 4 weeks, among which 1 day is the most flexible. Except for a few products, most of these products are non-guaranteed floating income.

One advantage of open products is that it is convenient to purchase and redeem, and you can apply for redemption on the trading day, and the redemption funds of many products can be received in real time, which is more flexible than money market funds. Generally, the money redeemed by money market funds can only be received by T+2, and there is no income from the intermediate delay.

All banks' open-ended wealth management products have large redemption clauses, which can be found in the product manual. The large redemption clause is to protect the interests of all investors. Non-fixed-term wealth management products usually hold a certain proportion of cash for redemption applications.

Extended data

There are several ways to manage money:

1. Bank investment

The wealth management products provided by commercial banks in China are divided into three categories: guaranteed fixed income products, guaranteed floating income products and non-guaranteed floating income products.

2. Financial management of securities companies

Securities financing generally includes stocks, funds, commodity futures, stock index futures and foreign exchange futures. Individual or institutional investors can choose different financing tools according to their different needs and investment preferences.

3. Insurance financing

Insurance financing tends to be long-term, focusing on solving education planning and pension planning after a long time, and solving security problems such as accidents and medical care.

4. Investment company financing

Financial management of investment companies generally includes trust funds, gold investment, jade, jewelry, diamonds and third-party financial management. With high initial capital requirements, it is suitable for high-end financial managers.

5. E-commerce financial management

2 1 century, in addition to online banking, financial search engines on the internet can also be used to search for financial products, compare risks and benefits, and then make investments.

Baidu encyclopedia-financial management

Phoenix Net-Idle funds can buy products with no fixed term.