When will the money fund be redeemed?
First of all, we need to know the redemption rules of money funds. Different monetary fund products have different regulations. Generally speaking, the redemption time of the money fund is before 3 pm every working day. If you submit your redemption application before this time, your redemption money will be received on the trading day of the day. If you submit a redemption application after this time, your redemption money will arrive on the second trading day.
Secondly, we need to consider the processing time of the bank. Generally speaking, the time for banks to apply for redemption is generally before 4 pm that day. If you submit your redemption application before this time, your redemption money will arrive on the same day. If you submit a redemption application after this time, your redemption money will arrive on the next working day.
Third, we need to pay attention to the influence of holidays. If you submit a redemption application on a holiday, your redemption money will be received on the first working day after the holiday. Therefore, when choosing the redemption time, you need to pay attention to the arrangement of holidays.
Finally, we need to consider the redemption cost of the money fund. Different money fund products stipulate different redemption fees. Generally speaking, the redemption fee of money funds is relatively low. But when choosing the redemption time, we need to pay attention to whether the redemption fee will affect our income.
To sum up, the redemption time of money funds involves many aspects and needs to be selected according to your actual situation. When choosing the redemption time, we need to pay attention to the redemption rules of the money fund, the handling time of the bank, the arrangement of holidays, the redemption fee and so on. Only by fully understanding these factors can we make more wise investment decisions.