I want to manage my finances
The magic of compound interest
To earn compound interest, begin by investing your savings and letting them accumulate interest. With time, you will earn interest not only on your investment, but also on the interest it has earned.
For example, if you invest $1,000 in a fund with a 5% annual interest rate, your investment will be worth $1,276.28 in five years.
There are many ways of benefiting from the magic of compound interest. Here are a few examples:
The sooner and more regularly you start investing money, the more you benefit from the magic of compound interest.