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What is the annualized rate of return of bank screws?
The annualized rate of return of bank screws is 30%. The calculation method of annualized rate of return is to convert the current rate of return (daily rate of return, weekly rate of return, monthly rate of return) into annual rate of return, which is a theoretical rate of return, not an actual rate of return.

Annualized rate of return The annual rate of return converted from the net income per 10,000 fund shares of the Monetary Fund in the past seven days.

There are two ways to carry forward money market funds:

1, "Dividends are paid on a daily basis and carried forward on a monthly basis", which is equivalent to one-day interest calculation and compound interest every month.

2. "Daily dividends are carried forward on a daily basis", which is equivalent to daily compound interest.