What product is Jin Baobao?
The essence of Jin Baobao is a money market fund managed by Founder Fubon Fund with the fund code of 730003. It mainly invests in short-term bonds, central bank bills, repurchase, bank time deposits and other financial products with relatively high safety factors, which is a financial product with relatively low risk and stable income.
Jin Baobao's wealth management function requires customers to sign a contract. After signing a contract with Jin Baobao, the balance of the account will be automatically invested in Jin Baobao after the close of each trading day, and the money in Jin Baobao will not affect the trading of stocks, funds and wealth management products the next day.
Brief introduction of Jin Baobao products
After the close of each trading day, the idle funds in the account will automatically subscribe for Jin Baobao. If you don't want all idle funds to be automatically subscribed, you can set a reserved amount, and the part above the reserved amount can be automatically subscribed. Note that Jin Baobao's funds can't be withdrawn from the bank card at any time, and they need to be redeemed in the securities account on the trading day before they can be withdrawn from the bank card on the next trading day.
Jin Baobao's funds can be directly used for stock trading and wealth management. And there is no need to redeem it to the securities account before purchase.
Investors who apply for Fubon TA for the first time cannot apply for Jin Baobao until T+2.
If the subscription is made on T day, the calculation of income can only start on T+ 1 day, and the income will arrive on T+2 day;
If it is redeemed on T day, the income will be calculated on T day, and the funds can be withdrawn to the bank card on T+2 day.
In terms of expenses, if your Jin Baobao position share is more than or equal to 5 million shares, the annual rate of consumer service will be automatically lowered from 0.25% to 0.0 1% from the second working day, and if your position share is less than 5 million shares, the annual rate of sales service will be automatically raised from 0.0 1% from the second working day.