Yu'e Bao is our commonly used financial management tool. It is convenient and flexible. It can be used for daily payments and can be withdrawn at any time, and there is no handling fee.

Yu'E Bao generally displays a profit of 10,000 units and a seven-day annualized rate of return. So, is the higher the seven-day annualized rate of return of Yu'E Bao, the better?

What is the seven-day annualized rate of Yu'e Bao's 1.8%?

Xicaijun has prepared relevant content for everyone’s reference.

The higher the seven-day annualized rate of Yu'e Bao, the better.

Yu'e Bao's seven-day annualized rate of return is based on the past seven consecutive days' returns to calculate the corresponding annual interest rate. The higher the seven-day annualized return, on the one hand, it means the higher the past seven days' returns, and on the other hand, it also means that the fund has received

The downward trend is also relatively strong.

If Yu'E Bao deposits 100,000 yuan and the seven-day annualized rate is 1.8%, then Yu'E Bao's income in the past seven days is approximately: 100,000*1.8%/365*7=34.52 yuan, and the expected annual income is: 100,000*1.8%=1,800 yuan.

In addition, Yu'ebao will also display 10,000 earnings. The 10,000 earnings of the day are the true earnings of Yu'ebao the previous day.

For example, Yu'E Bao's profit for 10,000 yuan is 0.5126, that is, Yu'E Bao's profit for 10,000 yuan was 0.5126 yuan the day before.

Yu’e Bao income = the amount of the day/10,000×income per 10,000 units=the amount of the day×the seven-day annualized rate of return/360.

So sometimes when you calculate Yu'e Bao's income, you may find that the results calculated based on income per 10,000 shares and the seven-day annualized rate of return are different. This is actually normal.

However, Yu’e Bao’s income is not fixed. It changes every day, so the daily income per 10,000 shares and the seven-day annualized rate of return may be different.

In addition, Yu'E Bao is connected to multiple monetary funds, and each monetary fund's income of 10,000 yuan is different. Therefore, it is completely normal if everyone's Yu'E Bao's daily income of 10,000 yuan is different.