Chao earns money every day, and then the money can be used for arbitrary consumption, water and electricity bills, gas bills and repayment of loans. In other words, the money in this account is equivalent to your own balance, and you can spend it at any time. The interest rate is about three points, which is higher than other current deposit items.
In fact, this kind of deposit business looks like a current account. In fact, this part of the funds is used to buy money funds. Of course, the security of money funds is also very high, and there is almost nothing to worry about in terms of income. In addition, China Merchants Bank is at the bottom, so there is no need to worry about this project at all, but it is also a kind of financial management. At present, there is no complete financial management, and it is possible to lose money in the event of extreme circumstances in the future. Everyone should be mentally prepared.