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What does annualized 3.84 mean?
Annualized interest rate refers to the interest rate discounted to the whole year through the inherent rate of return of products.

Assuming that the return period of a wealth management product is one year and the yield is B, then the annualized interest rate R, R = (1+b) A- 1. Annual interest rate: annual interest rate ÷ principal × 100%, for example, 100 million is deposited in the bank, with an annual interest rate of 20,000 and an annual interest rate of 2 ÷100% = 2%. The annualized interest rate is mainly used for deposits and loans.