Is it safe to face Bao Chao?

China Merchants Bank has previously launched a super treasure, which will regularly announce 10,000 earnings and 7-day annualized rate of return. So is this product safe? After the investment, can we transfer the funds out at any time? Let's get to know each other.

Is it safe to face Bao Chao?

ChaoChaobao is a wealth management product of China Merchants Bank's CMB Wealth Management Company, which is connected with CMB Wealth Management cornucopia 1 No.5 products, and is essentially a low-risk fixed-income wealth management product.

Although according to the regulatory requirements, wealth management products themselves can't promise to protect capital and interest, but the risk level is R 1, which is the same risk level as money funds such as Yu 'ebao/Bitong, so it is quite reliable.

According to the product page of 20021July 22nd, the comprehensive 7-day annualized rate is 3.09%, which is slightly higher than the 7-day annualized rate of 2.290% displayed by Yu 'ebao on that day. Moreover, China Merchants Bank also has a limit for the funds transferred, starting from 1 cent, but each person can only transfer 50,000 yuan at most.

When we first buy, the automatic redemption function is enabled by default. When using one-card transaction, when the current balance is insufficient, we can directly deduct money from Chaochaobao without manual redemption. As long as we bind the debit card of China Merchants Bank with Alipay/WeChat, we can automatically deduct the funds from Chaochaobao when paying through online and offline Alipay/WeChat channels, as long as we choose to use the bank card of China Merchants Bank to pay.

Generally speaking, Chaochaobao is a low-risk wealth management product with high security level, which is higher than Yu 'ebao in comprehensive seven-day annualization and can be used flexibly. It is a good financial choice.