In most cases, the money fund's income will be higher than the bank's one-year time deposit, especially during the recent currency panic. On the whole, the average income of wealth management products launched by money funds and banks is similar, and both the yield and liquidity are better than time deposits. From the perspective of security, theoretically speaking, in extreme cases, monetary funds are a little more risky than bank deposits, but under the current circumstances, it is almost impossible to default. Therefore, it is recommended to be a money fund.

Compared with foreign banks, China's banking deposit interest rate is lower, and now the country is also promoting interest rate marketization. What's more, banks in China have been taking advantage of our depositors for decades. This situation will be significantly improved after interest rate liberalization. Recently, the People's Bank of China is ready to liberalize the benchmark interest rate for five-year deposits.

In addition, from the perspective of choosing monetary funds, Tian Hong funds rank lower in the overall fund industry. Comparatively speaking, the monetary funds of South China, Huaxia, Yifangda and Tianfu Express will have higher yields and stronger fund companies. General money funds can be purchased through securities accounts, bank channels, fund companies, or other third-party sales channels (such as Tian Tian Fund Network under the Oriental Fortune Network).