First look at your risk tolerance. According to your question, it is estimated that you are an investor with low risk tolerance, so I think both of them are similar to yours, but pay attention to their shortcomings:

Time deposit has a term, and the interest rate seems to have changed, so it must expire to get interest.

There are also many restrictions on capital preservation funds. For example, some people have to invest for three years to protect their capital. If you plan to invest in this variety, please read and understand the Fund Prospectus first, which can generally be consulted on the Fund official website.

In fact, with my advice, I think it is a good choice for you as a cautious investor to invest in a "money fund" in the current market. Although the income is almost poor, it is very flexible, and the income is similar to that of a one-year time deposit. If you choose, you may have to pay more. If you can take some risks, then invest in bond funds, such as ICBC Strong Debt, which is good.

I wish you a happy investment.