How to Open a Compound Interest Account A compound interest account is any account that pays you interest on your principal and interest, and not simply on your original deposit. Such an account might ...

When you borrow money, you’ll also pay interest on top of the amount you borrowed.. Interest is the money the lender gets for loaning you the money. Read Next: 5 Subtly Genius Moves All Wealthy People ...

A Recurring Deposit (RD) is a financial instrument offered by banks and financial institutions that allows individuals to deposit fixed amounts regularly. The deposited amount earns interest similar ...