100× 1%= 1 yuan.

However, it is not necessarily one yuan. If you buy on Alipay or other platforms, you will be charged a handling fee every day, but the handling fee is relatively low, ranging from 0.5% to 1.5% a year.

note:

Buying a fund at 100 yuan does not mean holding a fund at 100 yuan, and some fees will be charged, but the actual purchase is not 100 yuan.

Extended data:

Interest is calculated according to the annualized expected rate of return.

The annualized expected rate of return refers to a theoretical expected rate of return calculated by converting the current expected rate of return (daily expected rate of return, weekly expected rate of return, monthly expected rate of return) into annual expected rate of return.

The formula for calculating the expected interest income according to the annualized expected income is as follows: expected income = principal * annualized expected income * financial management days /365.

For example, the annualized expected rate of return of a wealth management product is 3.8%, the investment period is 30 days, and the investment principal is 50,000 yuan. Then the expected expected return after the investment expires = 50,000 * 3.8% * 30/365 =156 yuan.

Bank wealth management products generally provide expected annualized expected rate of return for investors' reference. Expected annualized expected rate of return is only the reference data provided according to the past performance of products, and does not represent the actual annualized expected rate of return.