Compound interest is most often valued on savings and investments that accrue interest frequently like bank savings accounts, bank CDS, money market accounts and deposits.  Since compound interest is such a powerful tool in personal finance it is extremely important that you maximize its value by seeking the bank or financial institution that pays the highest interest rates without sacrificing service.  Search and compare the best CD rates and saving rates, then follow through by comparing bank services and fees.  Call the customer service center or bank representative to get a feel for the quality of service the institution delivers.

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