Yu’ebao and Yulibao are both currency funds under Ant Financial.

Monetary funds are mainly funds that purchase bank certificates of deposit, treasury bonds and other money market products. They are safe but have low returns.

For example, more than 70% of the money in Yu'e Bao is actually deposited in banks.

Judging from this nature, the profit methods of Yu'E Bao and Yu Li Bao are the same.

The difference is that the purchase channels for the two are different.

As we all know, Alipay and Yu'e Bao are easy to operate; Yu Libao can only be bought and sold on the MYbank APP, so fewer people know about it than Yu'e Bao.

The full name of online commercial bank is Zhejiang Online Commercial Bank Co., Ltd. It was initiated by Ant Financial and is one of the first five private banks of the China Securities Regulatory Commission. It was established in 2015 and has not been upgraded since Yu'e Bao was upgraded today.

After the upgrade, Yu'e Bao is connected to four currency funds sold by MYbank, namely Bosch Cash Income Currency A and China-Europe Gunqianbao Currency A, which were added on May 4, and Huaan Rixin Currency A, which was added on May 20.

The Cathay Pacific currency was added on the 28th.

The unupgraded Yu'E Bao is connected to the Tianhong Yu'E Bao Money Market Fund.

I'm afraid it's Yu'ebao in the true sense.

Here we only need to compare money funds.

Yu'E Bao is connected to the Tianhong Yun Shang Bao money market fund sold by MYbank.

Yu Bao is sold exclusively by Alipay, and Yu Bao is sold exclusively by online commercial banks.

There is not much difference in essence, including the fund company of Tianhong Fund Company and the fund manager of Wang Dengfeng.

The biggest difference is that the fees are different, mainly because the management fees and custody fees are higher in Yu Li Bao than in Yu'e Bao. The interest rates are 4% in Yu'e Bao and 4:3% in Yu'e Bao, but the difference is not big.

The current maximum limit of Yu'e Bao is 100,000, and it will be sold from February 8 to March 15.

After exceeding the limit, you can only get up at 9 o'clock every morning to purchase. The maximum limit of Yu'e Bao is 10 million for individuals and 50 million for enterprises.

Yu'E Bao can be used to make purchases and withdraw cash at any time, which is convenient. Yu'E Bao can only be used for financial management.