Hello, monetary funds are different from deposits, so your names are not accurate.

First of all, currency funds are purchased. You need to go to the fund's agency to purchase them. Generally, you can go to any bank to purchase them.

Different currency funds you purchase have different minimum purchase limits, ranging from 200-1,000.

Secondly, money funds are completely risk-free. The principal is set without any loss, and there may be returns, but the returns are not fixed. The fund company will announce its daily returns of 10,000 yuan on its website every day, and the specific returns will fluctuate.

, the annual rate of return on money funds this year is about 3%, which is lower than the one-year regular interest rate, but higher than the semi-annual regular interest rate.

Buying currency funds is more suitable for people who have no need to use funds in the short term, but who have long-term uncertainty.

Because although the one-year regular interest rate is higher than the yield on money funds, you can only enjoy the current interest rate if you withdraw early.

But currency funds are different. As long as you don't redeem it for a day, you can enjoy a day's profit.

It usually takes 2-3 days to redeem currency funds. If you want to buy, please redeem in advance to avoid delaying the use of funds.

It should be noted that monetary funds do not need to pay income tax.