The product is calculated on a daily basis, then the actual yield calculation method is: annualized rate of return ÷ 365 days × investment days.
Expected return is not equal to the actual income
Each bank's financial products will have a gain on their earnings, but investors should understand that the expected return does not mean that the actual income. For example, the expected rate of return on products is 12%, but it is the use of 18 months rate of return, if it is converted into annual rate of return, it is 7.99%.
A commercial bank class fund product specification states: If the "open daily product unit net value" is greater than "the last extraction to the performance of the remuneration of the product unit net", then the performance of the remuneration = open day financial products share × (open day products Net worth - the net value of the product at the time of the last withdrawal to the performance remuneration) × 20%. From these words can be simply understood as the assumption that the net value of the product is higher than 1.07, the excess part of the 20 percent do not belong to investors, and owned by the bank! Therefore, investors in the purchase of bank financial products at the same time, we must see the product brochures, do not be the so-called "the highest yield" blinded eyes.