The early redemption of bank wealth management products can be divided into three situations: first, banks and investors have no right to redeem in advance, so there is no such thing as liquidated damages; Second, investors have the right to redeem in advance but need to pay a certain percentage of liquidated damages; Third, banks have the right to redeem in advance, but investors do not. At this time, the bank will not pay liquidated damages to customers, which is very rare. Therefore, for investors, when buying bank wealth management products, they should try to avoid redeeming wealth management products in advance on the premise of paying liquidated damages. For example, some open-end fund wealth management products can be terminated at any time without default if they are redeemed in advance. If the financing contract says that it can be redeemed in advance, then investors can redeem it in advance before the financing expires. Redeem bank wealth management products in advance. According to different wealth management products, the proportion of liquidated damages varies from 0-3%. If the wealth management product has liquidated damages for early redemption, it will generally be clearly marked in the product details. Liquidated damages for early redemption means that investors should pay a certain percentage of fees to the bank if they redeem wealth management products in advance according to the agreement with the bank or the provisions of relevant laws and regulations. The proportion of liquidated damages is set by the product issuer and generally will not exceed 3%. This is also normal. Investors want to get some liquidity, they need to make some sacrifices of income, and banks need to get some compensation at the expense of liquidity. Bank wealth management products are mostly products with a fixed term, and the term of wealth management products will be determined according to the actual situation of the underlying investment assets. This is to ensure that the maturity of wealth management products matches the liquidity of the underlying assets and avoid the liquidity risk caused by maturity mismatch. It is also based on the liquidity of the underlying assets that most of the bank's wealth management products cannot be redeemed in advance. Once the amount of funds redeemed in advance exceeds the liquidity demand of the underlying assets, it will cause liquidity problems of the underlying assets. However, considering investors' demand for early redemption of funds, some banks will also set transferable rules for wealth management products. If investors have an urgent need for wealth management funds, they can initiate the transfer of wealth management products and wait for other investors to take over wealth management products, so that investors are equivalent to redeeming their wealth management in advance.