Well, we can compare the income of bank time deposits with that of Yu 'ebao.

Bank time deposit (one year) is calculated by simple interest: the principal is 2000 yuan, and the annual interest rate is 0.03 (it seems to have been 0.035 recently), and the annual interest rate is 0. 164 per day on average in 60 yuan.

The essence of Yu 'ebao is a money fund, which is calculated with compound interest (that is to say, the interest you obtained before will also be included in the principal to calculate the future income). The annualized interest rate is about 0.048 (which is determined by the performance of the financial market, but generally not lower than the bank interest rate): the principal is 2000. If calculated at an annualized rate of 0.048, the annual interest in 96 yuan is 0.263 per day and 0.789 per three days.

In short, because Yu 'ebao is a monetary fund, it is generally safe. You can look at the historical rate of return ~ it is better than the existence of banks anyway ~ I think there are at least the following advantages: 1 Free, better than other open-end funds. Other open-end funds have to pay redemption fee ~2. Even if it is difficult to resist inflation, there is a higher interest rate than the bank. Moreover, if you deposit your money in the bank for a fixed term and then suddenly take it away, there will be no interest or only a very low interest on current deposits, but Yu 'ebao means that you can take as much profit as you want, and people will not give you interest just because you want to withdraw money.