400 thousand is actually a lot of money. If you need money at any time, you can put it in the balance treasure, because the balance treasure is docked with the money fund, which can be taken out and deposited at any time, which is very convenient. In addition, it can also be directly used for consumption and can be used as a current account.
However, if it is money that is not needed in the near future, you can stay in the balance treasure. If you care about the income, Yu 'ebao is also risky, and there is no guarantee of principal and interest, while 400,000 deposits have reached the threshold of large deposit certificates. Large deposit certificates are guaranteed to protect capital and interest, and there is no risk. Compared with Yu 'ebao, they have advantages.
In addition, some small and medium-sized banks have relatively high deposit interest rates, some as high as 4%, while Yu 'ebao's seven-day expected annualized rate of return is around 2%. In contrast, the income of certificates of deposit is slightly higher, but it should be noted that certificates of deposit have a time limit and cannot be withdrawn at any time, so Yu 'ebao has an advantage in liquidity.
Secondly, the income from bank wealth management is also higher than that from Yu 'ebao. If Chaohechao is connected with the cornucopia cash management plan of CMB Wealth Management Co., Ltd., it is a low-risk and fixed-income product. You can redeem the deposit at any time, and there is no handling fee. When using China Merchants Bank Card for fast payment, credit card repayment, POS card swiping, etc., it is not necessary to manually transfer funds beyond Bao Chao, and users can use it directly.