Money fund is an investment method, which mainly invests in low-risk and high-liquidity financial products such as short-term bonds and bank deposits. When investing in money funds, a common question is whether interest will be paid that day. This is because for many investors, the interest rate of the day means that you can start earning income immediately. This paper will discuss whether the money funds with interest rates on that day really exist and which money funds usually have interest rates on that day.
The money fund with interest on that day is real. Monetary funds are usually issued by banks, securities companies or fund companies, and these institutions have their own regulations. Some institutions stipulate that the income of the day will not be calculated until the transaction of the day is completed. This means that if you buy the money fund before the end of the trading day, you can get the income of the day. If you buy a money fund after the end of the day's trading, you will get income from the next day.
The calculation time of income of some money funds may be slightly different. For example, some money funds may stop buying before 3 pm, which means that if you buy before the deadline, you can get the income of the day. If you buy after the deadline, you will benefit from the next day. It is very important to know the rules of the monetary fund and the calculation time of income.
Which money funds generally raise interest rates on the same day? Usually those money funds issued by banks or securities companies are more likely to raise interest rates that day. This is because these institutions usually have more funds and higher liquidity, so they are more capable of completing investment transactions in the same day. At the same time, money funds issued by fund companies usually take longer to process investments, so it may not be possible to start calculating income within the same day.
When buying a money fund, it is very important to know its trading time and income calculation rules. Some money funds can start calculating the income on the same day, while others need more time. Investors should choose those money funds that can start calculating the income on the same day, and read the product manual carefully before buying to understand its regulations. In this way, investors can get the maximum benefit.