A 0.01% to 0.10% Interest Rate SUCKS! If you have a savings account from a traditional bank (i.e. Bank of America, Chase, Wells Fargo, Citizens Bank, PNC, etc) you probably have an interest rate around 0.01% to 0.10%. What does that mean? Well if you have $10,000 in your savings […]
Tag: Compound Interests
Compound Interest and Saving for Retirement
Albert Einstein said it best, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” What is compound interest? Well, it’s really simple, compound interest is interest calculated on the initial principle (the money you deposit) that also […]