In today's society, investment has become an important means for people to seek wealth and improve their living standards. As a low-risk, high-liquidity investment tool, currency funds are favored by investors. Many people still don’t know which currency funds earn interest on the same day and where they can buy them.
We need to understand what a monetary fund is. A currency fund is a fund that invests in low-risk financial products such as short-term bonds and bills. Due to the low-risk nature of the investment objects, the yield of money funds is relatively low, but due to high liquidity, investors can withdraw funds at any time.
When choosing a currency fund, we need to pay special attention to the interest-earning time. Ordinary currency funds generally require T+1 time to accrue interest, which means that investors need to wait for 1 trading day after purchase before the income can begin to be calculated. Some monetary funds provide same-day interest rate services, which means that investors can purchase on the same day and start calculating returns on the same day.
Which monetary funds provide same-day interest rate services? Currently, the main types of money funds on the market that provide same-day interest rates are as follows:
1. Xinjinbao
Xinjinbao is a money fund issued by Tianhong Fund, which provides Same-day interest rate service. The risk of this fund is low, the income is relatively stable, and it is suitable for short-term financial management.
2. Wells Fargo Money Fund
Wells Fargo Money Fund is also a money fund that provides same-day interest rates and is issued by Wells Fargo Funds. The fund has a relatively high yield and is suitable for long-term holding.
3. ChinaAMC Cash Profit-increasing Monetary Fund
ChinaAMC Cash Profit-increasing Monetary Fund is a currency fund issued by China Asset Management and also provides same-day interest rate services. The fund has a relatively high rate of return and low risk, making it suitable for short-term financial management.
The above are only some of the currency funds on the market, and there are other funds that also provide same-day interest rate services. However, we need to note that although currency funds that earn interest on the same day can allow us to start calculating returns faster, it does not mean that they are the best investment choice. When choosing a currency fund, we need to make comprehensive considerations based on our own needs and risk tolerance.
Where can I buy currency funds? At present, there are mainly the following ways to purchase currency funds:
1. Banks
Many banks provide currency fund purchase services, and investors can purchase them directly over the bank counter.
2. Fund companies
Investors can also directly go to fund companies to purchase currency funds. However, it should be noted that different fund companies may have certain requirements for the purchase amount.
3. Securities companies
Some securities companies also provide purchasing services for monetary funds. Investors can purchase them after opening a securities account at the securities company.
As a low-risk, high-liquidity investment tool, currency funds can help investors manage their finances and increase their income. When choosing a currency fund, we need to pay special attention to the interest-earning time and make comprehensive considerations based on our own needs and risk tolerance. The ways to buy currency funds are also relatively diverse, and you can choose according to your own preferences and convenience.