Interbank deposit receipt fund is a book-entry time deposit certificate issued by banks and other deposit-taking financial institutions in the interbank market. It is a short-term financing tool for banks, with a term of no more than one year, good liquidity and high security. For example, the person who repays credit bonds is an enterprise, and the person who repays interbank deposit certificates is a bank.

Inter-bank deposit receipt fund is more risky than money fund but less than stock fund, and its income level is between money fund and short-term debt fund. It is a recognized substitute for goods in the market. Interbank deposit certificate funds invest more than 80% of their funds in interbank deposit certificates, that is, interbank passbook.

The advantages of interbank deposit certificates fund are:

1, with high security.

2. The risk is small. The risk of interbank deposit receipt funds is low, medium and low, lower than that of bond funds.

3, the investment threshold is low, generally 1 yuan can be purchased.

4, low rate, low cost advantage, generally 0 subscription fee, holding more than 7 days free of redemption fee.

5. The rate of return is slightly higher than that of the money fund.