When you put your money in a savings account, you earn some extra money called dividends (see our dividend rates here!).
And when you keep saving, you earn more money for the amount you first put in and the extra money you earned over time. It’s like getting a bonus on top of your savings! This keeps happening over and over, and your money grows bigger and bigger.
See how much you could save over time with our free compound interest calculator. Hint: Even small, regular contributions can make a big difference when compounded over several decades!
For more information, you can give us a call at 800-373-7600.
