The seven-day annualized rate of return is the average income level of the money fund in the last seven days, which is obtained after annualization. For example, the annualized rate of return of a monetary fund is 2% on the same day, and assuming that the income of the monetary fund in the next year can remain unchanged at the level of the previous seven days, then you can get 2% of the overall income if you hold it for one year.

Of course, the daily income of the money fund will constantly change with the operation of the fund manager and the fluctuation of the money market interest rate, so it is unlikely that the fund income will remain unchanged for one year in actual operation.

Extended data:

Alipay-In the classification of regular wealth management, the old-age security products of insurance companies are basically unique. Although there is a risk of loss, at present Alipay is marked with high-quality assets, stable income and historical 100% payment.

The annualized rate of return of products in the past seven days is between 3.3 1%-4.84%, and the regular wealth management products are basically sold out at present, which is quite popular. Similarly, in Jingdong Finance, the endowment insurance wealth management products of insurance companies are classified as stable wealth management, most of which come from this kind of products, and the highest annualized rate of return in the near future is 4.84%.

References:

Baidu Encyclopedia -7-day annualized rate of return

References:

China News Network-Internet insurance financial yield far exceeds "baby"