China Merchants Bank buys fund banks for interest, which is higher than saving money.

The interest of funds is higher than that of banks, with an annual interest rate of 2.08%. The interest of buying a fund is indeed higher than that of bank savings, but the risk of buying a fund is also higher than that of bank savings. It depends on the risk of the fund you invest in. The higher the risk, the greater the income. Generally speaking, the fund's investment income ranges from 1 to several times higher than the bank deposit, and the bank interest is relatively fixed and almost certain, which not only loses money, but also the fund's investment may earn less than the bank interest, making it more likely to lose money.