Why are the interest rates on Yu’E Bao different?

It is normal for Yu’E Bao interest rates to vary. The interest rate of Yu'e Bao is a floating interest rate, and its income will fluctuate with market interest rates and market yields. Moreover, with the emergence of similar products in various markets, Yu'ebao's advantages have gradually declined, and interest rates have also fluctuated.

Yue Bao is a monetary fund, which is different from bank interest rates, which remain unchanged for a period of time. The interest rates of money funds change every day. The income of Yu'e Bao is based on the confirmed amount of Yu'e Bao divided by 10,000 multiplied by the income per 10,000 shares announced by the fund company on that day. Moreover, when Alipay users choose Yu'ebao for investment and financial management, the fund they choose is not fixed. When one fund is saturated, Yu'ebao will connect the user to another fund. The interest rates will vary depending on the fund you choose. When everyone is choosing a fund, the annualized rate of return corresponding to each fund in the past seven days will be displayed. Users can choose funds with higher returns based on their own needs.

The income of money funds is not fixed. When a user chooses a fund with a relatively high income, it does not mean that future income will be fixed. Monetary funds are different from other types of open-end funds in that they have high security, high liquidity, stable returns, and "quasi-savings" characteristics.