Recruitment periodRefers toBank financial productsFrom the time of release to the end of the sale. After the sale, if the amount raised reaches the bankFinancial productThe minimum requirements, then this product began to operate. During the raise period, the investor has the right to redeem the purchased bankFinancial managementproduct. The principal of the raise period is the interest of the current period. The longer the raise period, the longer the idle time of funds on the account and the greater the impact on the actual rate of return.
Buying financial products Look carefully at the recruitment period
[Real case] Investor Miss Zhang made a similar mistake. Recently, the stock market was not good. She withdrew some of her funds to prepare for investment. Some banks introduced wealth management products with an annualised yield of 5.0% and a 42-day investment period. Miss Zhang, in total, felt that she was better than a deposit, so she purchased a financial product worth 50,000 yuan. Yesterday, Ms. Zhang went to the bank to handle affairs and asked her a moment. As a result, she was surprised to find that the interest-bearing period of her financial products actually did not start from the day she purchased her. Miss Zhang is very puzzled.
The wealth management products sold by general banks begin to pay interest on the second day after the end of the raise period (the time from the start of the purchase by the investor to the start of the calculation of the investment income). During the product acquisition period, funds for purchasing wealth management products can only be counted as current deposits. Taking Miss Zhang as an example, the deadline for the purchase of wealth management products she purchased is November 27, and the interest-bearing date begins on November 28. Ms. Zhang’s purchase date is November 25th, that is to say, Ms. Zhang’s funds in the middle three days can only be counted as current deposits. After November 28th, it can be calculated according to the expected return of wealth management products.
The fundraising period has a greater impact on the earnings of wealth management products. When investors purchase wealth management products, in addition to the expected profitability of the products, they should also factor in the time and cost of the fundraising period. The actual expected rate of return of the products thus obtained is more objective. At the same time, investors can use a good raise period. Investors who buy on impulse will be able to cancel their purchases and recover funds during this period. They will lose only a small amount of current interest.