As one of the three major communication companies in China, China Unicom not only provides users with communication services, but also provides some services related to people's livelihood. Through Unicom APP, you can handle travel ticket purchase, hotel reservation and other services, as well as loans and other services. So what does Unicom's phone bill mean? Let's get to know each other.

What does Unicom's phone bill mean?

Unicom Bao Fei is a cash financing account launched by Unicom Payment Company. After the user deposits the funds in Bao Fei, the funds will be used to purchase the corresponding money fund products, thus obtaining the corresponding money fund income. Users will register Unicom's phone bill withholding service when they open Unicom's phone bill treasure. When the user's phone bill is less than 10 yuan, the funds in the account will be automatically recharged to 100 yuan.

China Unicom's monetary fund in Bao Fei was directly provided by Shanghai Bank, but China Unicom itself did not launch the corresponding monetary fund products. Unicom's phone bill page shows that its 7-day annualized rate of return is 2. 162%. Of course, this rate of return is not fixed, and it is usually predicted according to the recent income of the money fund. In the actual financial management process, the income may be lower than the 7-day annualized rate of return, or higher than this rate of return.

It should be reminded that Unicom's phone bill is essentially a money fund wealth management product, which has relatively low risk among many wealth management products, but it is not a capital preservation wealth management product, and there will still be certain risks. It is worth mentioning that, because Unicom has to register the phone bill withholding service when it is opened, if users don't want to recharge their phone bills automatically, they can only close the phone bill service.