The Benefits of Compounding
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.
The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.