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One Percent Makes All The Difference

August 26, 2009

Compound Interest

Note: calculation based on 4% compounded annually compared to 5% compounded daily (equivalent to 5.13% annual rate), to reinforce power of compound rates.

 

To take full advantage of the power of compound interest, go to MoneyRates.com to find best rates on certificates of deposit, money market accounts, savings accounts, checking accounts, plus current bank deals.

 

 

Please share your comments. Do you consider yourself a rate chaser? If yes, how many times during the year do you go online looking for the best rates? How much time does it usually take you? What tips do you have for finding best rates on various types of savings instruments?

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