With the progress of society, people's awareness of financial management is getting stronger and stronger, and many people begin to take idle funds out of banks to invest in fund products. Then, do you know which is better and more appropriate, the money fund or the bank?

Which is more suitable, money fund or bank?

Whether users choose money funds or banks regularly, there is no absolute difference between good and bad, only the right people are different. Details are as follows:

1 As the most basic product regularly deployed by residents, banks are the safest products without any risks. Moreover, banks regularly divide short-term, medium-term and long-term products, and the yield is gradually increasing.

Therefore, if the risk tolerance of users is weak, the funds are in a limited state for a long time, and the pursuit is stable income, the bank's regular products will be more suitable.

Money fund is a product that can be regarded as a substitute for banks. From the perspective of profitability and security, it is similar to bank term. For example, the income of the money fund is similar to the regular income of the bank, but it is more risky than the regular income of the bank.

In addition, from the perspective of liquidity, money funds can be paid in full within one trading day, while time deposits can generally be retrieved after maturity. If users get it back before the expiration, they will lose some interest. Therefore, if the user's risk tolerance is average, he pursues stable income and hopes that the funds can arrive at any time, the money fund products will be more suitable.

Generally speaking, the money fund is a relatively safe and stable financial product, which is very friendly to novices.