1, 7-year annualized rate of return of 2.5% is equivalent to annual income of more than 3%. Here, we can estimate the current income. Suppose Xiaoming bought a money fund with 1 1,000 yuan, and the annualized rate of return on the seventh day was 2.5%. Then, the current income is: 1, 000 * 2.5%/360 = 0.69 yuan. It should be noted that the actual income should be based on the wealth management income.
2.7 annualized rate of return refers to the average rate of return of wealth management products in the past seven days, which is a theoretical rate of return, not an actual rate of return. Monetary funds generally use the 7-day annualized rate of return to provide users with a reference to the income level.