There is no so-called annual interest rate, and its income is equivalent to the annual interest rate, which is generally not known until the end of the year.

There is a saying that the money fund has a "seven-day annualized rate of return". It refers to the "interest rate" at which the income in the last seven days is converted into annual income, from which we can see its performance. The 30-day annualized rate of return announced by Boss No.6 has the same significance and function as the "7-day annualized rate of return" of the Monetary Fund.

Take the Monetary Fund as an example:

The money fund has income every day, and the income will change every day.

The daily income of the fund is generally announced the next day and can be found on the fund website that evening.

The income of money funds is higher than that of one-year time deposits, averaging around 2.3% last year. Now it may be about 2%.

There is no tax rate for buying funds ~ paying taxes is also a matter for fund companies and has nothing to do with investors.