Yu 'ebao is a low-risk wealth management product, which can deposit and withdraw money at any time and has the characteristics of flexible redemption. But the expected annualized rate of return is constantly changing, and the interest rate of each money fund is different. The following is the annualized rate of return of Yu 'ebao 202 1 April:
We know that the income of Yu 'ebao generally fluctuates around 2%.
Then assume that Xiaobai has saved RMB 6,543,800+in Yu 'ebao, and the 7-day annualized rate of return of Yu 'ebao's income is calculated as follows:
1000000× is the daily income of Yu 'ebao.
The annual income of Yu 'ebao is 365× 64 = 23,360 yuan.
From the above, the calculation formula of Yu 'ebao's income is equal to your principal multiplied by the seven-day annualized rate of the money fund divided by the time. Secondly, the daily income of the money fund is not high. If you save for a long time, it will be a lot of money to accumulate slowly.
It is worth noting that changing the fund of Yu 'ebao is equivalent to buying a new fund, which will lose at least one day's income. When changing funds, the time limit is 15: 00, and the amount transferred after 15: 00 every day is counted as the amount recorded in the next day, which needs a working day to review. Therefore, it is recommended not to change the fund of Yu 'ebao frequently, which will lead to loss of income.