Nowadays many people have acquired a new daily routine – checking her Yu’ebao account. The online financial product not only helps them to save money, it also cultivates in them a sense of financing and investment.
Before Yu’ebao offered a seven-day annualized yield of 5 to 7 percent. Though it’s decreasing, it’s still higher than the interest rate provided by banks. Besides, We can see money coming in every day.
However scholars warn that online financing has its risks and people especially students need to have a more comprehensive understanding of financial products.