Because the 7-day annualized rate of return is the value obtained by converting the income of the past 7 days into a year later, and every 10,000 income is the actual investment income of the day, the changing trend of the two will be different.

On that day, the income declined, but due to the higher income in the first 7 days, the annualized income on the 7 th may go up.

For individuals, Yu 'ebao is actually a high-interest demand deposit.

Extended data:

Combined with the essence of Alipay "some commercial banks". Yu 'ebao and Alipay are actually commercial banks with high interest rates. As long as there is no run, regardless of Tian Hong Fund.

Removing deposits is actually a run on commercial banks, and big banks can still support it. Small banks are very dangerous. Commercial banks either want the central bank to control the balance treasure, or ask the central bank not to control the interest rate of commercial banks, and commercial banks also absorb deposits at high interest rates.

It is nothing more than high deposit interest, high loan interest and interest passed on to the users of funds. Yu 'ebao gives 5%, commercial banks give 6%, and loans are raised to 20%, regardless of the central bank's benchmark interest rate. Now commercial banks are bound by the central bank to compete with Yu 'ebao, and Yu 'ebao is dissatisfied with commercial banks.

References:

Baidu encyclopedia Yu' ebao