1. The income from bank financial management is higher. Looking at the average income, bank financial management seems to be only a little higher than Yu'e Bao, but this is not the case.

Mimi found through data that last week the average income of money fund babies was 3.94%, and the average income of bank financial management was 4.39%. The income gap between the two was 0.45%.

Yu'e Bao is just an example, and there are very few monetary funds that can exceed its income growth this year.

But some students may say, "I will just put it in Yu'ebao and not consider other currency funds." Then we can also exclude foreign currency financial management and capital-guaranteed financial management that have very low returns in bank financial management, and only buy non-profit funds from city commercial banks.

With capital-guaranteed financial management, this return can reach 5%.

The most important thing is that the safety level of this type of product is Level 2, which is a medium-low risk, and the probability of obtaining principal and expected returns is more than 99%.

To put it simply, the non-principal-guaranteed financial management income of city commercial banks is much higher than that of Yu’e Bao, and it is very safe.

2. Monetary funds are more liquid. If liquidity is higher, currency funds are obviously much higher than bank financial management.

Most monetary funds can achieve T+0 or T+1 redemption, especially for some baby products. Basically, the funds can be transferred to the account on the day of redemption, and some can be transferred to the account in seconds.

For example, Yu'e Bao and Chao Chaoying, which Mimi particularly likes, can achieve quick payment.

However, most bank financial management is closed-end financial management, with very poor liquidity and can only be redeemed upon maturity.

If you want to redeem it early, you will lose a lot of principal.

However, there is a type of product in bank financial management called: net worth financial management.

Its liquidity is much higher than that of closed-end financial management. Generally, it can be redeemed at any time on the opening day, but the income is not as high as that of closed-end financial management.

3. The threshold for bank financial management is too high. The minimum purchase threshold for bank financial management is 50,000 yuan. This condition will block many students from the door.

There are also some bank financial services with better returns, and the threshold may be 500,000 or even 1 million. This is really "aristocratic financial management".

Of course, if students are relatively wealthy, they can go to the bank to inquire about this type of exclusive financial management. After all, the returns from this type of financial management will be much higher.

Monetary funds often start at 1 cent or 1 yuan, and the maximum does not exceed 1,000 yuan.

4 The risks are almost the same. Most of the funds for bank financial management flow into deposits, bonds, and non-standard assets.

Funds from monetary funds mainly flow into deposits, bonds and other financial assets.

Looking at it this way, the capital flows of the two are relatively similar, so the risks are almost the same, and they are both low-risk financial products.

After reading Mimi’s comparison, everyone should be familiar with the advantages and disadvantages of these two types of products.

I would also like to give you some specific suggestions: If you are still a student, a newbie in the workplace, or have large expenditures in the short term, then Mimi recommends monetary funds as your first choice.

If you have already started a family and have no major expenses in the short term, or if you want to pursue high returns while ensuring safety, then I recommend choosing bank financing.