Chaochaobao is a change wealth management product of China Merchants Bank at the end of 2020. Its seven-day annualized rate of return has exceeded 3%, which is higher than that of ordinary money funds. It is a fixed income product.
However, it is worth noting that this seven-day annualized rate of return changes every day, not to say that it remains unchanged. Therefore, investors can check the income from time to time when buying, just in case. Basically, it should be above 3%, and basically it will not change much.
Does Chaochaobao break even?
Super treasure, no loss, no profit Although ChaoChaoBao doesn't break even, it basically won't lose money, because from the platform, ChaoChaoBao is connected with CMB Wealth Management Co., Ltd. and belongs to CMB Wealth Management's cash management plan. The platform is well-known and reliable, and the company scale is relatively large.
Secondly, from the perspective of Chaochaobao itself, it is a low-risk fixed-income product with little risk and belongs to the lowest risk among wealth management products. Although it is said that the principal and interest will not be guaranteed, the income will basically remain within the expected income range, and there will not be much change. China Merchants Bank is one of the most popular commercial banks in China. Chaochaobao is a wealth management product of China Merchants Bank, and its wealth management interest rate is higher than that of Alipay Yu 'ebao. So what is the specific difference between Super Bao Chao and Yu 'ebao? Let's take a look together. What's the difference between Chaochaobao and Yu 'ebao? First, different interests. Investors who invest in wealth management products are most concerned about the interest of income. The seven-day annualized rate of return of Chaochaobao is about 3. 14%, while the current seven-day annualized rate of return of Yu 'ebao is about 2.6%. From the data point of view, Chaochaobao's wealth management income is higher than that of Yu 'ebao. Difference 2: the degree of security. Chaochaobao belongs to China Merchants Bank, and Yu 'ebao is a wealth management product on Alipay. Both of them are money funds, and their security is very reliable. Difference 3: Redemption limit: Chaochaobao will be allocated to 5 funds every day on average, and the maximum redemption limit of each fund is 65,438+0,000, so the total daily redemption limit of Chaochaobao is 50,000. The redemption of Yu 'ebao depends on the amount of funds to the bank. The daily limit of Yu 'ebao is 50,000, and the monthly limit is 200,000. Yu 'ebao has a reading limit, so the number of redemptions per month is bound to be limited, while Chao Bao Chao can redeem it every day without any limit. The redemption amount is much larger than Yu 'ebao, and it is a bank wealth management product, and the redemption is also real-time.
Chaochaobao is a bank wealth management product. It uses customers' funds to invest in some money funds with low risk and stable income, which is different from the funds invested by Yu 'ebao, so the annualized rate of return for seven days is different. It should be noted that the 7-day annualized rate of return is not a fixed value, it will change with the fluctuation of the fund price, so this rate of return does not represent the actual income in the future.