The change is connected with the money fund, and the seven-day annualized rate of return of the money fund is generally around 2%. However, because each user chooses a different monetary fund and the amount is different, there will be a gap in calculating the income. We will explain it to you in a hypothetical way. Details are as follows:
Suppose: an investor transfers to 500 yuan to exchange money, and the expected annualized interest rate is 2.7% for seven days, then the expected return is: 500*2.7%/365=0.04 yuan, so the expected return for one day is very small, because there are not many transferred funds, you can't earn 50 yuan in one day.
The money earned by the change pass is related to funds and the seven-day annualized interest rate. For another example, suppose that the expected annualized rate of return of the money fund that an investor chooses to dock on WeChat change pass is 2%, then the calculation method of the expected return that can be earned in one year is: 10000*2%=200 yuan.
So 1, 000 yuan to buy a money fund can earn 200 yuan a year. Compared with the money earned by the principal of 500 yuan above, there is a big difference. Some investors are afraid that they will save too much money and lose money.
As a matter of fact, the money fund is linked to the change pass. Although there are risks and losses, the risks are small. Because the money fund invests in the money market and does not invest in the stock market, it is less likely to hold losses for a long time.