Compound interest arises when interest is added to the principal and when the interest added also earns interest. You’ll see your account balance grow more quickly with the accounts that pay interest more frequently.
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Compounding can be great for your investment portfolio and your savings.
Compound interest arises when interest is added to the principal and when the interest added also earns interest. You’ll see your account balance grow more quickly with the accounts that pay interest more frequently.
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