When they have spare money on hand, in addition to bank deposits, people will also invest in other financial products with higher expected returns.

However, the expected return is directly proportional to the risk. Considering the safety of the principal, many people will choose Internet baby products, which have lower risks and the expected return is higher than bank deposits.

So what are the categories of Internet baby products?

1. Third-party payment systems such as Yu’ebao, Licaitong, and Lingqianbao are common Internet fund products.

There are no restrictions on WeChat WeChat Wealth Connect purchases, but the daily withdrawal limit is 60,000 yuan. The expected return is slightly higher than Alipay's Yu'e Bao. On October 11, the seven-day annualized expected return rate announced by WeChat Wealth Connect is 2.4620%, and Yu'e Bao's is 2.2690%.

Lingqianbao is connected to the Guangfa Tiantianhong Monetary Fund. Cash withdrawals within 50,000 yuan can be received quickly, with a daily limit of 3 transactions.

Internet fund products were released earlier and have a large user base.

With the changes in the market, the expected return rate of Internet fund products has generally been on a downward trend, but it is still the mainstay of baby products.

2. Ping An Bank’s Live Money Bao, Bank of China’s Current Bao, China Merchants Bank Chao Chaoying, and Minsheng Bank’s Ruyi Bao are all banking baby products.

Taking China Merchants Bank Chao Chaoying as an example, the minimum purchase threshold is similar to that of monetary funds such as Yu'ebao, with a minimum purchase price of 1 cent and a maximum purchase limit of 50,000 yuan.

It expects the seven-day annualized expected rate of return to be around 5%. Compared with monetary funds such as Yu'E Bao, bank-based baby products generally have an advantage in expected rate of return.

In addition, bank baby products are also relatively flexible in terms of subscription and redemption methods and interest calculation methods. Most of them adopt the T+0 interest calculation method, that is, if you subscribe before 15:00 on the same day, the interest can be calculated on the same day, so it has the expected profitability.

and liquidity.

In addition, some fund products also belong to the Internet baby products, such as China Universal Cash Treasure, Rich Wallet, etc.

I hope the above information about the categories of Internet baby products will be helpful to everyone.

Warm reminder, financial management is risky, so investment needs to be cautious.