With the rise of financial management, major banks have also launched their own products crazily. Among them, CITIC launched a wealth management product called salary pot, which sounds strange. So is CITIC Wage Pot safe?

Citic xinjinbao

Salary Pot is a new wealth management product jointly issued by CITIC Bank, harvest fund and Xincheng Fund, which are powerful fund companies in the industry. The fund currency type belonging to wealth management products. Different from ordinary money funds, this product does not need to apply for redemption, and can be directly withdrawn or swiped at ATM. It's the same as demand deposit, but the interest rate is much higher than demand deposit. CITIC Salary Pot is managed by CITIC Asset Management Team, which is very safe and secure.

How long does it take for CITIC to redeem the salary pot?

①T+0 quick redemption transaction, in which the redemption funds arrive in real time, and the profit and loss are not calculated for the customer on the redemption day, which is not a T+0 ordinary redemption transaction. If it is redeemed before the trading day 15:00, the redemption money will be received on the next trading day.

② When applying for redemption, you can choose partial redemption or total redemption, and calculate the profit and loss for the customer on the redemption date. There is no redemption limit for ordinary redemption transactions. The limit for quick liquidation on that day is 500,000 yuan.

The salary pot fund threshold is more than RMB 1000, and the single-day redemption does not exceed RMB 500,000. Only CITIC Wage Fund is open to investors who hold CITIC Bank accounts. At present, applications are only open in the north, Guangzhou and Shenzhen, Hangzhou, Jinan, Zhengzhou and Chengdu. So much for CITIC Salary Pot, I hope it will help you.