How to calculate the interest of bank wealth management products?

Usually, the income of wealth management products is calculated according to the yield of wealth management products, the invested funds and the actual wealth management days. The calculation formula of general wealth management products is wealth management income = invested capital × daily interest rate × actual wealth management days. Among them, interest rates can be divided into annual interest rate, monthly interest rate and daily interest rate, which should be converted appropriately when calculating wealth management income. Of course, this formula is generally applicable to fixed-income wealth management products. For some complex wealth management products, other risk factors need to be considered. The above is the introduction of income calculation of wealth management products. It should be noted that the year of bank wealth management products is calculated according to 360 days, while other Internet wealth management products are calculated according to 365 days. In addition, it is necessary to distinguish the difference between yield to maturity and annualized rate of return of wealth management products.