Alipay's balance treasure interest is much higher than the bank?

Alipay inside the balance treasure and bank deposits balance treasure interest is relatively high, but these two can not be compared, bank deposits first of all said than the balance treasure to be safer, because the balance treasure is not actually a deposit, but the purchase of the fund, there is a theoretical risk, in fact, in the bank there are also similar financial products, the return is even higher than the balance treasure, so in fact, the two do not have a comparative nature.

Balance treasure interest, higher than the bank one year fixed deposit. Balance treasure is settled on a daily basis. Money can be withdrawn at any time. It arrives within two hours, and there is no fee for withdrawing money to a bound bank card.

Expanded Information

A deposit that can only be withdrawn on a specified date after the deposit is made or that must be notified to the bank a number of days before it is ready to be withdrawn, with a maturity period that can range from 3 months to 5 years, and 10 years or more. Generally, the longer the term of the deposit, the higher the interest rate.

Traditional time deposits not only come in the form of certificates of deposit, but also in the form of passbooks, which are also known as passbook time deposits, but with 90 days as the basic number of interest-bearing days, and no interest accruing for less than 90 days. Compared with demand deposits, time deposits have a strong stability, and lower operating costs, commercial banks hold for this deposit reserve ratio is correspondingly low, therefore, the utilization rate of funds in time deposits is often higher than demand deposits.

Baidu Encyclopedia - Interest on Deposits