How long does it take for China Merchants Bank to redeem Jibao?
The redemption time of China Merchants Bank CIMB varies from T+3 to T+5, which will be slightly different according to the products purchased.
China Merchants Bank has two kinds of products: products that are regularly opened and products that have the shortest holding period. Regular open products can be redeemed once every 3 months, and will enter the next closed period if they are not redeemed. Products with the shortest holding period can be redeemed daily after 90 days.
The risk level of China Merchants Bank CIMB is R2; R2 products are low-risk products, which mainly invest in relatively low-risk assets, including bank deposits, bonds and other low-risk assets. R2 products do not guarantee repayment of principal, but the probability of loss of principal is also very low, which is suitable for many stable investors.
Since CIMB is not a product that can be redeemed at any time, it needs to be held for 3 months to be redeemed. Therefore, it is best for investors to use the spare money they have not used for 3 months to buy the products, so as to avoid liquidity problems in the future.