How is Ping An Insurance's wealth income calculated?

Depositing funds into the Wangcai account of Ping An Life APP is equivalent to purchasing Ping An UOB Monetary Fund. The seven-day annualized rate of return is the average annualized rate of return in the past seven days, that is, "the total amount of money you deposited" multiplied by "the seven-day annualized rate of return" divided by "365 days". The result is equal to your income for that day.

Wangcai income is calculated based on the 7-day annualized interest rate.

In layman’s terms, you need to save for seven days and start counting from the eighth day.

Today’s annualized interest rate is 3.6%, then your income today is (2000 times 3.6%) divided by 360 days equals 20 cents. It is the regular interest rate on live deposits (higher than the current regular rate of 1.75% per year). Deposit and transfer anytime, 24 hours a day, seven days a week, and your money will arrive in your account within a minute or two. It has the characteristics of safety, flexibility, speed and stable income.