Yu 'ebao is connected with Yu 'ebao Monetary Fund under Tian Hong Fund, which is simple to operate, low in threshold and free of handling fee.
In addition to the financial management function, Yu 'ebao can also be directly used for shopping, transfer, payment, repayment and other consumer payments. It is a cash management tool in the era of mobile Internet, and Yu 'ebao is still the largest monetary fund in China.
Extended data:
The income of Yu 'ebao is different every day, and the calculation formula of income is = (confirmed amount of Yu 'ebao/10000) x every ten thousand income announced by the fund company on that day.
On that day, the income of 20,000 yuan Yu Erbao was 6.753% of the annual income of Yu 'ebao, which is also commonly known as interest. If you deposit 100 yuan in the balance treasure, you can get 6.753 yuan a year, 10000 yuan a year and 67.53 yuan a year, 10000 yuan a year.
Almost every ten thousand yuan a day. At present, the income of Yu 'ebao is around 1.75- 1.80, which is optimistic relative to the interest of the bank.
However, according to today's income per 10,000 shares, the annualized rate of return is 5.3%, which is more than ten times higher than the bank's current interest rate and definitely higher than the bank's five-year fixed deposit rate. However, the income is lower than some medium and long-term wealth management products of banks. Generally, more than 50 thousand people buy wealth management, and less than 50 thousand people save balance treasure.
The interest rate of Yu 'ebao is compound interest, which is what we call rolling interest, so such interest is also a very objective amount relative to banks.
However, the daily income of Yu 'ebao is different, and there is no fixed interest rate. Yu 'ebao relies on Alipay, which is one of Alipay's businesses. You can check the income in Alipay.