Funds are issued by fund companies. Fund assets are mainly invested in money market, bond market and stock market. They are products with * * * benefits and * * * risks. Funds are floating income products.
Time deposit is a deposit in which the bank and the depositor agree on the term and interest rate in advance when depositing, and pay the interest and principal in one lump sum after maturity. The time deposit interest rate fluctuates according to the benchmark interest rate of the People's Bank of China.