Who doesn't love compound interest? This is one of the best financial concepts that everyone needs to learn about. This quote says it all!
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Compounding interest is an excellent concept except there has to be interest rate that is worthwhile. Current bank rate of 0.1% or even a CD rate at 2%, it will still take 720 and 36 years, respectively, to double your money. Compounding interest from an index strategy in a life insurance or annuity policy is something we can talk about.
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There are some high yield savings accounts.