Concept of the Month

Concept of the Month: Interested in Interest?

Natasha Rea Bank Leave a Comment

Saving your money with compound interest is just like planting seeds and watching them grow! Interest is free money the bank gives you for having your money in the bank. Compound interest is free money the bank gives you in addition to the money they already added quarterly (every 3 months).  Regular Interest: Simple interest is based on the principal amount …