Thread: Money Investing megathread extravaganza
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Old 07-02-2017, 11:59 AM   #1050
lewdog lewdog is offline
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Join Date: Sep 2011
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Quote:
Originally Posted by RunKC View Post
I've been thinking that a compound interest account needs to be started ASAP but I'm not sure what to look for.

Any tips on the best accounts to search for? Best rates?

If I missed this, let me know the post # to start reading. Thanks
There isn't something called a compound interest account.

Compound interest just means interest on interest gained due to the variable of time. It's why those who invest a little bit of money early in life, can have very large sums later while placing less cash in accounts, than someone who starts later in life but places greater capital in account.

That can be accomplished through a variety of devices. Stocks, bonds, basic savings account, CDs. What are you looking to do?
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