The expected annualized rate of return of the money fund is between 2% and 3%. If you buy a monetary fund of 10000 yuan, the expected annual income will be around 200 yuan to 300 yuan. At present, the annualized interest rate of bank demand deposits is 0.3%. In other words, the expected rate of return of money funds is many times higher than that of bank demand deposits.

What is a money fund?

Money fund is an open-end fund that collects idle funds from the society, is operated by the fund manager and kept by the fund custodian. Specialized in investing in low-risk money market instruments. Different from other types of open-end funds, it has the characteristics of high security, high liquidity, stable profitability and "quasi-saving".