One day's interest on 300,000 Yu'e Bao is about 16.66 yuan, and one year's income is about 6,084 yuan.

The current seven-day annualized rate of return of Yu'e Bao is 2.0280%, daily interest = 300000*2.0280%/365≈16.66 yuan, and one-year income = 300000*2.0280%≈6084 yuan.

The seven-day annualized rate of return of Yu'ebao may change every day, so this income is not fixed. The specific interest rate must be based on the actual interest provided by Yu'ebao.

Yu'ebao is a balance value-added service and current fund management service product of Ant Financial, launched in June 2013.

Tianhong Fund is the fund manager of Yu’E Bao.

Yu'e Bao is connected to Yu'e Bao Monetary Fund under Tianhong Fund, which is characterized by easy operation, low threshold, zero handling fee, and can be withdrawn and used at any time.

In addition to financial management functions, Yu'e Bao can also be used directly for shopping, transfers, bill payments and other consumer payments. It is a cash management tool in the mobile Internet era.

Yu’e Bao remains China’s largest monetary fund.

Yu'e Bao is no longer just an "artifact" for national financial management. It is also constantly entering various consumption scenarios, continuing to bring small but beautiful changes to users.

Since 2014, Yu'E Bao has launched projects such as zero-yuan mobile phone purchases and Yu'E Bao cars, allowing Yu'E Bao users to enjoy special preferential rights and interests, and also seeing Yu'E Bao's imagination in the consumer field.

In March 2015, Yu'ebao was used for buying houses for the first time. This was a major breakthrough for Yu'ebao in consumption scenarios, and it was also the first time that Internet financial tools were introduced into the real estate industry.

At that time, Franshion Real Estate and Taobao launched the Yu'e Bao house purchase project. In the top ten cities across the country, including Beijing, Shanghai, and Nanjing, 1,132 houses were released to support Yu'e Bao house purchase: after buyers paid the down payment through Taobao, the down payment was

will be frozen in Yu'E Bao.

Before the official handover of the house or 3 months after the down payment, the Yu'e Bao income generated from the down payment will still belong to the house buyer.

This means that if you hand over the house first and then pay for it, you can also earn profit from the down payment.

It is precisely because of the emergence of Yu'ebao that it has expanded financial management channels for the public. Under the influence of Yu'ebao's strong fund gathering effect, major banks have launched Yu'ebao-like products to meet the challenges. For example, Ping An Bank launched "Ping An Ying",

Minsheng Bank launched "Ruyi Bao", China CITIC Bank and Prudential Fund launched "Xinjin Pot", Industrial Bank launched "Industrial Bao" and "Treasurer Wallet", etc.

Most of these banking institutions are monetary funds that cooperate with banks and fund companies.

However, the emergence of the "Baobao" army has not affected Yu'e Bao's status as China's largest monetary fund.