CITIC's wage cooker is guaranteed every week. Salary Jinbao is a monetary fund product, similar to Yu 'ebao, and will not lose money. Income is floating, just the difference between high and low income. As the first cash management tool in the industry, with the terminal support of CITIC Bank, the payroll can realize automatic financial management and payment functions.

Salary Jinbao is a financial management model recently proposed by CITIC Bank. Perhaps we can regard it as a means for banks to deal with the loss of deposits under the background of Internet financial management. However, this wealth management product has gained more attention because it breaks the boundary between regular demand deposits and wealth management products.

The biggest feature of CITIC Bank's salary bonus is that the subscription and redemption adopt the "automatic" mode. After handling the CITIC Bank Card, the customer can set a minimum amount, and the excess amount will be automatically converted into a monetary fund. When customers need to use funds, there is no need to issue redemption instructions. They can withdraw money directly from ATM or spend money directly by credit card.

"Jijinbao" can provide the funds in the customer's card with an annualized rate of return far exceeding the current one-year time deposit without affecting the customer's daily payment at all, and become a real fool's financial management. At the same time, we also hope to attract more deposit customers from other banks with the help of the launch of "salary bonus".

The money fund issued by CITIC Bank's salary pot business is a low-risk variety of securities investment funds. The expected risks and expected returns of funds are lower than those of equity funds, hybrid funds and bond funds.

Wages and bonuses are monetary funds, just like other wealth management products. From the convenience point of view, the biggest highlight of the money fund product "Jijinbao" that CITIC Bank will launch on April 28 is that the subscription and redemption are fully automatic and can be withdrawn at ATM machines. This convenience will not only have a huge impact on the traditional banking industry, but even kill all kinds of Internet "treasure" products. From this perspective, the champion's throne must be salary.

However, everything has advantages and disadvantages. In terms of yield, cautiously speaking, according to the market situation this year, it is predicted that the average annualized rate of return of "Xinbao" cargo base will be 4%. Although the income of other wealth management products has been declining recently, it has been hovering in the "5 era" recently. In contrast, investors who pay attention to income can choose Yu 'ebao.