Reborn multinational giant

Yu'ebao is an Internet wealth management product that Alipay will launch soon.

Alipay or WeChat Pay users who have opened Yu'ebao can transfer their balance or bank card funds in Yu'ebao or WeChat Pay to Yu'ebao and enjoy Yu'ebao's investment income. To put it bluntly, Yu'ebao It is equivalent to a demand deposit on the Internet, enjoying the demand interest of Yu'e Bao.

The name and service content of Yu'e Bao are almost exactly the same as those of Yu'e Bao launched by Alipay in the past. Fang Zhe specifically named this product Yu'e Bao, which also stems from his inertia in naming the target with previous lives, from WeChat to Huabei, and then To Yu'e Bao.

In the previous life, Alipay, which was supposed to launch Yu'e Bao, was stunted in this life due to the premature rise of Alipay and WeChat Pay. Until now, it is still "learning" to make products after Alipay, let alone launching any wealth management products.

The document Fang Zhe is holding is a policy approval document. In the document, the regulatory authorities have approved and approved Alipay to launch Yu'e Bao, a wealth management product. The last obstacle to Alipay's launch of Yu'e Bao has been removed!

"It's time to destroy the bank's fate!" Fang Zhe muttered while looking at the instructions in his hand.

On June 12, Alipay and WeChat Pay officially announced the launch of Yu'e Bao, a wealth management product!

In the beginning, many Alipay users and WeChat users saw that Alipay and WeChat officially launched wealth management products, and they cursed that Alipay and WeChat had gone bad and started selling wealth management products.

In the past, many people had the impression that the various wealth management products sold at the bank counter had always been cheating products. From time to time, news broke on the Internet saying that so and so bought the wealth management products of which company, and the pants that were lost in the end were gone.

In the impression of many ordinary people, financial management = cheating = liar!

However, in view of the fact that this wealth management product was launched by the two national-level softwares of Alipay and WeChat, many users still clicked on Yu'e Bao's product introduction based on trust and curiosity.

The investment starts at 1 yuan, there is no upper limit, the daily income per 10,000 yuan is 2.24 yuan, and the seven-day annualized return rate is 8.2%!

Many people with a little bit of financial knowledge were stunned when they looked at these numbers.

Starting at 1 yuan?This should be the smallest initial investment amount for a wealth management product in history. If you deposit less than 10,000 or 20,000 at a bank counter or a wealth management company, it is not rare for people to introduce wealth management products to you.

There is no upper limit, this fool knows what it means.

The daily income per 10,000 yuan is 2.24 yuan. Many users who do not often deal with banks and interest do not understand what this number means. Instead, they feel that the daily income of depositing 10,000 yuan is only 2.24 yuan, which is too small!

When I see the 8.2% annualized rate of return for the next seven days, people who don't understand are even more confused, but those who understand are already shocked and speechless!

The seven-day annualized rate of return is almost equivalent to the bank's annual interest rate. A rate of return of 8.2% means that a 10,000 yuan deposit in Yu'ebao can earn 820 yuan a year!

Too little?If you compare this figure with the current or even three-year and five-year dead-period interest rates of several major banks, you will understand what this figure means.

Nowadays, the average demand interest of several major domestic banks is 0.35%, the one-year dead-term interest is 2.75%, the three-year dead-term interest is 4%, the 5-year dead-term interest is 4.75%, and the annual interest rate of Yu'e Bao is 8.2%, which is almost higher than the 5-year dead-term deposit interest rate. It is more than 1.5 times higher.

Even according to the current loan interest rates of many banks, the loan interest rate within 6 months is basically within 6%, and the loan interest rate for three to five years will not exceed 7%. In other words, even if you borrow from the bank, You can also make a difference when you deposit Yu'e Bao!

Therefore, many people were shocked, many people doubted, and many people are wondering if Alipay has mistaken the interest rate of Yu'E Bao, such as saying a bug or something, that would be a big joke!

Unfortunately, after they asked Alipay and WeChat official for verification, the answer they got was, yes, Yu'ebao's recent seven-day annualized rate of return is 8.2%!

crazy!

Now many courageous users with a little knowledge of financial management are crazy. They have transferred their balances in Alipay and WeChat Pay to Yu'E Bao, and even many of the courageous people also withdrew their bank deposits. Came out and transferred to Yu'e Bao!

Starving the timid to death, these people think, since this is a product of Paypass and WeChat, even if it makes a mistake, is it possible that it can still be accounted for?

In Pudong New District, Jianghai City, Cheng Guang, an IT nerd who has just been working for less than three years, looked at the 8.2% annualized rate of Yu'e Bao, and a bright light flashed in his head.

With the mentality of giving it a try, Cheng Guang opened Yu'e Bao and transferred 100 yuan to it.

If the daily settlement is done according to the rules of Yu'e Bao, theoretically by tomorrow, the total amount in his Yu'e Bao account should become 100.02!

The next morning, Cheng Guang, who had gotten up early, saw that the total amount on his Yu'e Bao had become 100.02 yuan. A bold idea began to sprout in Cheng Guang's heart.

For three consecutive days, from his own savings to borrowing money from his parents, relatives and friends, Cheng Guang has deposited 320,000 into Yu'E Bao!

For these three days, he has been staring at the annualized rate and daily income of Yu'e Bao, from the first day depositing 0.02 of 100 yuan, to the second day depositing 26.9 of his 120,000 yuan deposit, and then to the third day. With a cumulative deposit of 320,000, Yu'e Bao’s daily income has also become more than 70 yuan. If it can be accumulated for one month, the income will be as high as more than 2,000 yuan, which is equivalent to a quarter of his monthly income!

Terrible, too much interest, too much money!Cheng Guang finally realized how high Yu'e Bao's income was. He hated that he borrowed from relatives and friends and only borrowed 320,000 yuan. If he could borrow up to 1 million yuan, the monthly interest would be more than 6,000 yuan. He just lay down and didn’t have to go to work. Can also make money!

Seeing the 8.2% annualized rate on Yu'e Bao, Cheng Guang suddenly turned on his mobile phone and checked the bank loan interest rate. When he saw that the ordinary bank loan interest rate was less than 6%, he had a bolder idea and started Formed in his mind!

Across the country, there are not a few people who are as shrewd as Cheng Guang, or even more shrewd than him, but compared to these decisive and shrewd people, most ordinary users are still cautious and skeptical of Yu'e Bao.

"Yuebao's annualized rate is higher than the bank loan interest rate. There will be no pitfalls in it, right?"

For several days, this question has been hung on the homepage of Zhihu. There are as many as thousands of answers at the bottom. The number of people browsing this question is as many as millions. It can be seen that many people are very concerned about Yu'e Bao.

"I don't know if there is any pitfall, anyway, my cigarette money today was bought from yesterday's Yu'e Bao income!"

The number one answer has exceeded 20,000 likes.