Compound Interest Calculator

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Frequently Asked Questions

• A client can make money on an original deposit and interest the account has accumulated
• The ability to quickly begin increasing their funds
• The ability to reinvest returns made on investments or properties through the interest the account has accumulated.

The success of a compound interest account largely depends on the established interest rate

No, high-yield savings accounts generally do not require a minimum initial deposit and are known to pay higher interest rates than traditional savings accounts

• Bond funds and bonds
• Money market accounts
• Various types of savings accounts
• Dividend stocks
• Real estate investment trusts
• Certificates of deposit (CDs)

No, traditional mortgages will generally not have a compound interest as an available option.