If the product is calculated on a daily basis, then the actual rate of return is calculated as: annualized rate of return ÷ 365 days x number of days invested.
Expected income does not equal actual income
Each bank’s wealth management product has an expectation of its earnings, but investors should understand that the expected return does not equal its actual income. For example, some products have an expected rate of return of 12%, but they use an 18-month rate of return. If you convert it to an annual rate of return, it is 7.99%.
A commercial bank’s fund product specification states: If the “net value of open-end product unit” is greater than the “net value of the product unit when the last performance fee was withdrawn,” then the return on performance = share of open-end financial products × (open-day product Net unit value - the net unit value of the product at the time of the last performance-based repayment * 20%. It can be easily understood from these words that when the net value of the product is assumed to be higher than 1.07, the excess of 20 percent will not be owned by the investor, but will be owned by the bank! Therefore, when investors purchase bank wealth management products, they must look at the product specifications and must not be blinded by the so-called "highest returns."