The income of Zhaocaibao is higher than that of the bank regularly, but it should be noted that Zhaocaibao is different from Yu 'ebao. Zhaocaibao is not a product, but a product aggregation platform. In addition to building a platform, Xiaoweijinfu is not directly engaged in product development. Its products are mainly capital-guaranteed wealth management products, covering regular wealth management products of financial institutions such as banks, fund insurance and loan products of small and medium-sized enterprises or individuals. The expected annualized rate of return is between 5.4% and 7%, and the term is 3 months to 3 years. Chinese and wealth management products are issued by legally established financial institutions and bear the responsibility of settling the principal and income when due. Loan products are guaranteed by financial institutions, including insurance companies, large guarantee companies and commercial banks.
The biggest disadvantage of traditional bank term products is that they cannot be redeemed before maturity, and it is more troublesome for users to use money urgently. The regular wealth management products provided by Lucky Treasure Platform can be realized at any time. For example, the original user holds a 1 7% annual wealth management product. When he needs money for three months, he can initiate liquidation on the treasure platform himself. After liquidation, the income of these three months remains unchanged at an annualized rate of 7%. However, it is necessary to pay a 0.2% handling fee to the platform to realize it.