If you put 7 million yuan into Yu'E Bao, your daily income will be approximately: 7,000,000 × 4%/365 = 767.12 (yuan).

You could deposit 1 million in Yu’e Bao before, but now you can no longer deposit 1 million. This year it was first reduced to 250,000, and not long ago it was reduced to 100,000.

So now it is impossible to deposit one million into Yu’e Bao.

According to the explanation given by Alipay, the introduction of the limit will not affect most customers.

Development history: Yu'e Bao is a balance value-added service and current fund management service product of Ant Financial, which was launched in June 2013.

Tianhong Fund is the fund manager of Yu’E Bao.

Yu'e Bao is connected to Yu'e Bao Monetary Fund under Tianhong Fund, which is characterized by easy operation, low threshold, zero handling fee, and can be withdrawn and used at any time.

In addition to financial management functions, Yu'e Bao can also be used directly for shopping, transfers, bill payments and other consumer payments. It is a cash management tool in the mobile Internet era.

Yu’e Bao remains China’s largest monetary fund.

On May 3, 2018, Yu'e Bao newly added two currency fund products, "Bosera Cash Income Currency A" and "China Europe Gunqianbao Currency A", which are owned by Bosera and China Europe Fund Company.