One of the best places to do compound interest is in high-yield savings accounts.

[{"selector":"#anim-81094bb0-3d59-4a9f-8d9c-21b81ce57f18 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d4cef544-d0db-4365-a402-e76199725719","keyframes":{"transform":["translate3d(-103.94737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-70a844ed-6a53-40e5-b4c6-f1772b4afbf1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aea98bad-0e92-40b8-858d-5ff3cafb7449","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-2fbaf81c-87f5-4721-85a4-c604050790e8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d6425b3e-96fb-4b73-b6fa-7d41d9e6245d","keyframes":{"transform":["translate3d(0px, -641.43776%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] You can earn more income over time with these accounts since they often have greater interest rates than conventional savings accounts.

[{"selector":"#anim-5878b855-76e8-4349-8879-fb64c03391ed [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-331038e7-6e4b-416a-aef3-d52304d0614a","keyframes":{"transform":["translate3d(-103.94737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-813087ff-bb27-4f50-abde-7feb7961913b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c2664697-24d4-4720-bfbb-3cf4900d1649","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-fb6dc637-e0f4-44e7-94b7-00bc22181324","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f1868846-6b69-437f-bb22-0ce894035d47","keyframes":{"transform":["translate3d(0px, -520.76832%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Some popular options for high-yield savings accounts include online banks such as Ally Bank, Discover Bank, and Marcus by Goldman Sachs.

[{"selector":"#anim-6f44fb65-2fa4-4f72-b2b6-9309729b5758","keyframes":{"transform":["translate3d(-103.94737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c296fb7d-6c03-49f0-bd9e-58171dca6852","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-122a132b-905a-473f-94b6-5cc6d4f6cc6f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-990ef7e4-015c-42f8-afa6-a32d1a35bc15","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ed9121c-91a6-4046-9995-2df607843300","keyframes":{"transform":["translate3d(0px, -839.40956%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ae77ff5-8ac1-42f1-b7f4-f91205731c14 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Another option for earning compound interest is through certificates of deposit (CDs).

[{"selector":"#anim-3ccaa8cb-c13e-47ec-9122-c1dfd82182e9","keyframes":{"transform":["translate3d(-103.94737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14e26a9c-7c59-471e-ac25-5bf22aacf311","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2831af6b-d890-4e4b-a016-a2fa3964c989","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0b8fb382-4516-4202-88e0-21c58b710364","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2861b773-180c-4d89-968a-601f53864e46","keyframes":{"transform":["translate3d(0px, -642.61421%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0ce99829-9991-49a8-91fe-fb9797477b9b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(10.157878490596609%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] CDs offer a fixed rate of return over a set period of time and can be a good option for those looking for a low-risk investment. Learn more

[{"selector":"#anim-0454f56c-487c-4a91-9577-b8720d62ea85","keyframes":{"transform":["translate3d(-103.94737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c16f11db-01d5-4913-8e4c-6a2f95e8368c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5eb1319d-a1aa-4c4e-a393-6580cf331da6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ba9f4411-74f2-481f-aff6-75ea0ba02878","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e31eb3b-5689-4980-8dbe-2c7fbfebecb0","keyframes":{"transform":["translate3d(0px, -836.28451%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c6608c2b-3405-4c1c-a557-5f7e64c437d6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] However, it is important to shop around for the best rates and terms before investing in a CD. Learn more

[{"selector":"#anim-d4948dd4-9b9d-4f24-99b0-0ba68ee86884","keyframes":{"transform":["translate3d(-103.94737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc4d4c6b-9e97-463f-9c08-bcc9100e7447","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf9c69a0-d020-444b-b962-d200cc1eed5f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d70df3cd-38bb-44b4-8fda-4d477a4aa639","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52655e39-2b61-429b-a258-d010c00f60ad","keyframes":{"transform":["translate3d(0px, -836.28451%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0ccc26e3-fcd0-4c5c-86fe-25eeda0da4a5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Investing in mutual funds can also be a great way to take advantage of compound interest. Learn more

[{"selector":"#anim-4cc06fdd-34a8-44b7-9b89-ae8cf79b93dd","keyframes":{"transform":["translate3d(-103.94737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a0c69b3-77fe-437f-b7bf-9e6e85fa7788","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd398330-9780-4885-8bfb-a8c737625681","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d11c20cd-3083-4cb2-8f34-4b916074853b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55c53601-2c21-4020-9276-a79c1027742a","keyframes":{"transform":["translate3d(0px, -636.30483%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-366ca5b7-de8f-4746-9a67-22cded3bab48 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Mutual funds allow you to pool your money with other investors and invest in a diversified portfolio of stocks and bonds. Learn more

For full article click here

[{"selector":"#anim-96b082e3-b73a-4a6a-b20b-789218026861","keyframes":{"transform":["translate3d(115.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e779055-fbcc-4d3e-802b-25ecb87c423c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4fac3c7d-a471-4f9d-a80e-6385380aacf5","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]