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Should I save over 20,000 Chao Chao Bao or Yu Li Bao from MYBank?

MYBank Yulibao.

MYbank Yulibao is purchased through the MYbank account. After the money fund is redeemed, the money will also return to the MYbank account. This way, direct connection with the bank can ensure the safety of the assets.

At the same time, as a currency fund product, Yulibao has low investment risks and high principal security.

The full name of MYbank is Zhejiang MYBank. It is an Internet-operated bank with no specific physical outlets. Therefore, Yulibao is also a cash management product of MYbank for small and micro enterprises and individual small and micro operators.

Yu Li Bao is compound interest-based and generates income directly without waiting for share confirmation. However, the income of monetary funds changes with market fluctuations, so Yu Li Bao's income will also change.