Most cash management wealth management products can be realized at any time, and their liquidity is similar to demand savings, so it is very convenient to buy and redeem transactions. It has the characteristics of short investment period, flexible trading and higher income than demand deposits, and is usually used as a substitute for demand deposits to manage short-term idle funds.
Extended data:
Financial management type
Bank RMB financial products can be roughly divided into bond type, trust type, linked type and QDII type. ?
1, bond type
Investing in the money market, the investment products are generally central bank bills and short-term corporate financing bills. Since individuals cannot directly invest in central bank bills and short-term corporate financing bills, such RMB wealth management products actually provide customers with opportunities to share the investment income in the money market.
2. Trust type
Invest in trust products guaranteed or repurchased by commercial banks or other financial institutions with high credit rating, and also invest in beneficial trust products of excellent credit assets of commercial banks. ?
3. Hook type
The final yield of products is linked to the performance of relevant markets or products, such as exchange rate, interest rate, international gold price, international crude oil price, Dow Jones index, Hong Kong stocks, etc.
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