The miracle of compound interest is a helluva lot less miraculous now that interest rates are substantially south of 1%. You should look at bank accounts as rainy day funds and not as investments at all, given current interest rates. Even CDs are not offering any kind of significant rate that is worth looking at.
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington