Automatic fund subscription helps you manage your wallet easily

When housing prices were high, the stock market was high and unstable, and investment decisions were difficult, Mrs. Feng suddenly found that the family's cash flow had increased a lot. Lying on a current account is naturally not a good idea. Feng Tai aimed at money market funds. However, the liquidity at home was increasing from time to time. It was a waste of time to queue up every month to subscribe.

Nowadays, the automatic fund subscription service launched by many banks has aroused her interest. With just a simple setting, funds can be automatically subscribed for money market funds, and automatically redeemed at any time when needed, so of course the household tool makes the hostess who are busy with housework happy.

The most flexible trick: "Rich Profit" automatically buys and sells funds on your behalf

Indeed, since the amount of idle funds in the family changes from time to time, the challenges for the hostess also increase a lot. Some wealth management projects, such as timely subscription and redemption of money market funds, can only be considered on the basis of considering retaining a part of demand deposits to meet immediate payment needs. However, whether it is subscription or redemption, investors need to conduct business processing through the counter, telephone banking, online banking, etc. for each transaction, which takes up a lot of time and energy.

In Industrial and Commercial Bank of China, as long as you designate a current account as the "Ri Tian Li" account, and set the "Initiate Subscription Balance" and "Initiate Redemption Balance" in the account, you can enjoy the automatic wealth management service of the current account . The flexibility of "Ri Tian Li" is that it can make two accounts set up in linkage, so that you can manage family cash more calmly. Mrs. Feng is a university professor and usually has two current accounts: one is a salary account, and the other is a housing loan repayment account, which is mainly used for loan repayment and deduction of water and telephone bills through the bank. In addition, Mrs. Feng also has some income from article manuscript fees and training and teaching other than eight hours. She is used to remit this money to the repayment account.

Mrs. Feng is usually busy with work and taking care of her son who is about to take the college entrance examination. She has no time to manage the checking deposits in the two accounts. In the past, she followed the advice of her friends and bought two stock funds. She redeemed them when they rose well in the previous stage, but she never found the opportunity to enter the market. Her parents who were far away from her hometown planned to move to Shanghai, and Mrs. Feng also She wants to save some money and buy a small house when the house price is stable. All these funds are stored in her salary card, so the funds have increased a lot in a short period of time.

After accepting the suggestion of the ICBC account manager, Mrs. Feng opened the "Ride and Add" account service, using the salary account as the "Ri Tianli" account, and the mortgage repayment account as the agreement account. Taking into account the daily sporadic expenses, Mrs. Feng set the initial purchase balance of the salary account to 2,000 yuan, and the initiated redemption balance to 1,000 yuan. When the balance of the salary account is higher than 2,000 yuan, ICBC will subscribe for the designated fund the next day with the excess amount; when the balance of the salary account is less than 1,000 yuan, it will initiate a redemption application, and the redemption amount will be supplemented to 2,000 yuan. For the mortgage repayment account, a minimum reserved balance of 1,800 yuan is set, which is used for monthly mortgage repayment and various payment plans. The balance above 1,800 yuan is automatically transferred to the salary account. In this way, with the help of the "Ri Tian Li" account, Mrs. Feng's salary and other income and expenditure management are fully automated, and therefore, she obtains higher returns than current deposits.

For most people, if the lending bank is not the Industrial and Commercial Bank of China, they only need to set the "Initiate Purchase Balance" and "Initiate Redemption Balance" in a current account. It is reported that there is no threshold limit for the wealth management service provided by ICBC for the "Ri Tian Li" account, and there is no fee for wealth management services for the time being. Customers only need to hold an ICBC wealth management gold account or a Peony Money Link Card to go to each business outlet for processing. At present, the optional products are 7 currency funds and 2 short- and medium-term debt funds, and the available fund products will be more diverse in the future.

Since most money market funds and short-term debt funds have annual yields that exceed the after-tax yield of one-year time deposits, customers' investment returns are basically guaranteed. According to a relevant person from ICBC, all fund subscription and redemption operations must be conducted in accordance with the regulations of the fund company, which also means that the fund redemption cannot be immediately credited to the account. Investors should not forget a A time difference of two days to prevent unnecessary mortgage penalty interest.

The safest trick: "Yi Caitong" guarantees the income of current accounts

ICBC's "profit and increase" is good, but some people may say, who can guarantee the income of money market funds and short-term debt funds forever Higher than the demand deposit rate? As a result, even such automatic financial management, is there a risk?

If ICBC's "Ri Tian Li" mainly operates automatically by pre-setting the subscription and redemption amounts, then China Merchants Bank's "Yi Cai Tong" automatically helps the current account to buy funds while realizing the The income is automatically redeemed, and the unique "ABS braking system - automatic termination" service is installed, so that the wealth management income of the current account always runs on a track higher than the annual interest rate of 0.72%.

Indeed, if you are a wealth account user of China Merchants Bank, household cash management will also become efficient and convenient. The bank's "Yi Caitong" function specially developed for wealth accounts enables customers to automatically subscribe for money market funds with idle funds, thereby obtaining returns far higher than demand deposits.

A relevant person from China Merchants Bank Wealth Management Center said that customers only need to set up the "Yi Caitong" function once, and then the idle funds in the account can be automatically converted into China Merchants Cash Value-Added Fund or other wealth management products, so as to obtain Value-added services and additional benefits. For example, the customer sets a minimum cash balance of 5,000 yuan for the account. After opening "Yi Cai Tong", China Merchants Bank's system will check the account balance every day. If the account balance is higher than the customer's reserved balance of 5,000 yuan at the end of the day , the excess funds will automatically overflow to purchase the China Merchants cash appreciation fund or other wealth management products, avoiding idle funds in the bank account.

With this unique "ABS braking system - automatic termination" service, if the actual yield of "Yicaitong" product is lower than the after-tax demand deposit interest rate for 15 consecutive trading days, the China Merchants Bank system will automatically Terminate the agreement, and redeem all "Yi Caitong" shares for customers to maximize customer benefits and achieve zero risk of capital investment.

What's more worth mentioning is that if you buy the China Merchants Cash Appreciation Fund under the China Merchants Fund, you can also realize the redemption of currency funds, "T+0" will be credited quickly, so you can also Conveniently arrange funding plans. This feature also makes money market funds a veritable alternative to demand deposits.

The most convenient trick: Short-term RMB wealth management plan

It is also the purchase of money market funds and other investment products with stable returns and good liquidity. Some banks directly package them into RMB wealth management products for continuous sales. This financial product, which is usually settled by month, is also automatically subscribed and redeemed at the beginning of the month, and the return on client funds is increased by investing in money market funds to reduce the erosion of funds by inflation. At present, several banks have introduced similar products, which are more convenient to purchase, and depositors can inquire about the relevant purchase matters from their banks.

For example, China CITIC Bank has issued the "Renminbi Wealth Management Monthly Plan No. 2" since the end of May this year, and has since opened up the purchase plan for this product several times.

According to the financial advisor of China CITIC Bank, "Wealth Management Month Plan No. 2" invests in money market funds with relatively high liquidity and yield, and the expected return can reach more than 3 times that of demand deposits, and the customer's income is settled on a monthly basis , with strong liquidity, especially for customers who have idle funds but are unwilling to endure low interest rates.

Invest at the beginning of each month, and return all principal and interest at the end of the month. The investment threshold is as low as 5,000 yuan. Compared with the previous minimum threshold of 50,000 yuan for wealth management products, "Wealth Management Monthly Plan No. 2" is more suitable for ordinary investors. Compared with the previous RMB wealth management plans launched by banks with a term of more than half a year, the monthly investment of this plan has higher flexibility and meets investors' requirements for capital liquidity.

Shenzhen Development Bank's "Gathering Treasures - Cash Profit Increase Plan" is also a featured product of the bank. A new type of wealth management product that uses the money market fund of the fund company to purchase and redeem the customer's agreed demand savings deposit at the beginning of each month, and increase the rate of return of the customer's capital by investing in the money market fund. Banks will use the funds raised to invest in money market instruments that are both safe and liquid, such as short-term bonds, commercial paper, and bank large-term deposits. In essence, it is also a new type of savings substitute.

Monthly investment does not mean that it can only be redeemed on a monthly basis. The reporter learned that customers only need to sign a contract with the bank to automatically invest and pay dividends every month, and the purchase of this product can be terminated at any time. As long as the customer applies for instant redemption at the counter, the funds will be returned to the account the next day. Before the termination, the bank will calculate the income daily based on the rate of return of the money market fund, and the customer can withdraw cash the next day.

This article is excerpted from First Financial Network (www.Amoney.com.cn) with permission