Received a short message from the bank: Our bank issues high-yield wealth management with a term of 34 days, with annualized net income of 4.8% respectively, with a starting point of 5w and interest o

Received a short message from the bank: Our bank issues high-yield wealth management with a term of 34 days, with annualized net income of 4.8% respectively, with a starting point of 5w and interest on 30 days. How to understand? 1, a bank wealth management product, with a minimum of 50,000 yuan for a single transaction.

2. The annualized net rate of return should be the expected annualized net rate of return, which refers to the annualized net income after deducting various management expenses. Take the purchase of 65,438+10,000 yuan as an example, the expected return at maturity = principal * daily rate of return * actual term =100000 * 4.8%/365 * 34 = 447.12 (yuan),

The value of 3.30 days refers to the time when the product was deducted, that is, the establishment time. If the product can be purchased from 27th, and you buy RMB 654.38+10,000 on the same day, the bank will freeze the money in your account from 27th to 29th, but still calculate the interest according to the current demand. The money will be officially deducted from 30th, and the annualized rate of return will be 4.8% from 30th to maturity.

4. Generally, there are still a few days from the due date to the actual date of receipt of funds. You'd better ask clearly so as not to affect the use of funds. There is no interest during this period.

The actual operating standards of banks may be slightly different. I said ICBC's for reference only. In addition, you can inquire more. At present, ICBC has many high-yield products (such as more than 5%), and there are many product deadlines. I suggest you think about it.