The bank's current t+0 wealth management products, such as the daily profit of China Merchants Bank, are characterized by buying on weekdays and immediately starting to calculate interest to generate income. In other words, if you buy it today, you can take it out tomorrow, and there is interest. Redemption is also very convenient. Online banking can be used for real-time redemption on working days, with seconds to go, unlimited. In terms of security, it is not guaranteed but the risk is very low, which can basically reach the expected income range, generally higher than most money funds. But the threshold is relatively high, starting at least 50,000.
Bank smart deposit used to be the king of online celebrity demand products of banks. At the bottom of this kind of product is a three-year time deposit, but when the bank time deposit is withdrawn in advance, it can only have a very low current interest. Smart deposit demand products can also enjoy regular interest if they are withdrawn in advance. Internet companies such as online merchant banks above Alipay, JD Finance, Baidu and Xiaomi have all launched similar wealth management products, such as JD.COM Fuminbao. Except that the online merchant bank is t+ 1, others are not only t+0, but also have interest on weekends, which is similar to the function of Yu 'ebao, and even has advantages that Yu 'ebao does not have.
Banks and other financial institutions have many money funds, such as CCB's cash increase (quick profit). Investors can search and choose cash or monetary financing on different platforms, and the system will display all monetary funds available for purchase, so investors can choose directly. After all, the essence of Yu 'ebao is a money fund, and the performance of Yu 'ebao as a money fund in the whole similar fund market is not very good, so there is still a lot of room for investors to choose financial management similar to Yu 'ebao.