Extended data
Different financial management methods have different financial management cycles. At least one day's wealth management products like Yu 'ebao have interest every day. For example, bank wealth management products, the shortest 30 days or 38 days, the longest can reach 3-5 years. If you choose a fund, long-term investment generally takes an economic cycle as the cycle, but investors can also withdraw at any time according to actual changes.
At present, wealth management products can be divided into the following categories:
Bank deposits, in addition to the various fixed deposit or current deposit businesses that we are already familiar with, include the following things that we have not noticed:
At present, all banks have automatic transfer service. Users can open this service at the bank counter with their salary cards and valid identity documents, and can set up transfer points to realize automatic transfer of funds between fixed accounts and current accounts. Through this business, wage earners can completely achieve the purpose of tailoring their financial planning, such as setting the amount of pocket money, choosing the proportion and duration of regular savings, etc. To realize the independent flow of funds among current accounts, time deposits, call deposits, agreement deposits and other accounts, thus improving financial efficiency and rate of return on capital. According to statistics, if the average allocation of funds is from three months to two years, the annual comprehensive rate of return for one year can reach 1.75%. However, it should be noted that the transfer starting point and time of different banks are different.
"Lump sum deposit and withdrawal" refers to the monthly fixed deposit, which generally starts in 5 yuan and has a term of one year, three years and five years. The deposit amount is determined by the depositor, and it is deposited once a month, and the principal and interest are withdrawn at maturity. The interest-bearing method is consistent with the interest-bearing method for lump-sum savings deposits. If there is any leakage in the middle, it should be made up in the next month. If not, the interest shall be calculated according to the actual deposit amount and actual deposit period at the time of withdrawal and the current interest rate announced by the People's Bank of China on the date of withdrawal.
It can be said that lump-sum deposit and withdrawal is a way of compulsory deposit, and the same amount is fixed every month. People who want to be "moonlight clan" can form the good habit of "saving money" in this way.
Savings money fund: demand savings
The so-called money fund is an open-end fund, which mainly invests in stable financial products such as central bank bills, book-entry treasury bonds, financial bonds and agreement deposits. Because it doesn't have subscription and redemption fees like other open-end funds, investors can regard it as "current savings" and purchase and redeem it at any time. It usually takes 2 to 3 working days from issuing a redemption instruction to being able to withdraw cash.