The main differences between closed and open financial products of Agricultural Bank are as follows:
1. Closed-end wealth management products are based on the high-yield principle adhered to by wealth management products. Generally speaking, closed-end wealth management products have relatively high returns and poor liquidity, and cannot be redeemed in advance or redeemed in advance.
2. Compared with closed-end wealth management products, open-end wealth management products have lower income, and the biggest advantage is better liquidity of funds, which can be redeemed in advance and is more convenient for temporary capital demand.
3. Open wealth management products are also called net worth wealth management products. Generally speaking, banks will charge management fees and redemption fees for net worth wealth management products. Some wealth management products are collected at the front end, and most wealth management products are collected at redemption. There are also some open-ended wealth management products, which stipulate that redemption fees will not be charged until the agreed time limit is reached; If it reaches the agreed time limit, it can be exchanged for free.
If your funds need to be used frequently, open-ended wealth management products are more suitable, because the cycle is short and you can redeem them in time when you need money. If not redeemed, open-ended wealth management products are generally purchased automatically. However, closed-end wealth management products cannot be redeemed in advance, and the cycle is long. When you need money, you can redeem it in time.