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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Yiao-Tee Hsia

Highly recommended
Independent Life/Health/Disability & Medicare Insurance Agent
110 Questions answered
Answered on May 7th, 2023

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.

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