Compound interest is a word you may be familiar with if you’re considering investing your money. It is magical, so you’ve certainly heard excellent things about it, but you might not know what it is or why it’s so fantastic. Let’s review how compound interest impacts your investment in more detail. How does compound interest … Read more
Ah, savings—that elusive and illusive creature from fairy tales. A third of adult Americans had savings totaling no more than $1,000. A $400 emergency fund is beyond the savings of almost half of respondents. Yes, for the majority of people, savings is a fantasy. Yes, the majority of individuals desire financial security, but many lack … Read more
A certificate of deposit is a type of savings account that pays interest at a fixed rate for a specific period of time.
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