Many people like to deposit money into Yu'e Bao, because the income from Yu'e Bao is distributed every day, and there is basically no loss.

However, Yu’E Bao’s income is not high. So if you want Yu’E Bao to earn more than 100 yuan every day, how much money do you need to save at least?

How much do you need to deposit to earn 100 yuan a day on Yu'e Bao? You need to deposit about 2.15 million. If you make 100 yuan a day, 365 days will be 36,500 yuan in interest.

Nowadays, the annualized rate of return of money funds in Yu'e Bao has dropped to the range of 1. Among the dozens of money funds that Yu'e Bao cooperates with, some have a seven-day annualized rate of return that has dropped to 1.487%, and some can reach the level of 2.081%. However,

More often, it is around 1.5%, around 1.6%, and around 1.7%.

Let’s calculate based on 1.7%, 36500/1.7% ≈ 2147059 yuan, which requires about 2.15 million Yu’e Bao.

However, it is still relatively difficult for many people to have such a large amount of deposits. There are only a few people who can deposit up to 500,000 yuan, so there are only a few people who can deposit more than 2 million yuan in Yu'e Bao to earn interest.

Only some people can do it.

What can you do to increase Yu'e Bao's income? It is most cost-effective to transfer deposits before 15:00 from Monday to Thursday.

First of all, you need to know that after transferring funds to Yu'e Bao, you are not transferring the money to your Alipay account, but buying a currency fund, and the corresponding funds are managed by the fund company.

Therefore, if you deposit before 15:00 from Monday to Thursday, the share will be confirmed the next day, and the next day's income (the income from the part of the money that has been confirmed) will be distributed before 12:00 on the third day.

If the deposit is made after 15:00, it will be postponed for one day.

In addition, there is another way to increase the income from the money in Yu'e Bao, which is not to withdraw the income.

Because the interest on Yu'e Bao is calculated based on compound interest, if the earnings on one day are not withdrawn, they will be included in the principal on the next day and continue to generate interest.

Even though the daily interest is just a little, it will still make a difference over time.

Of course, the prerequisite for increasing income is that you need to deposit a sum of money in Yu'e Bao first, so that there will be income, otherwise no method will work.