CNBC Select defines compound interest, how it works and ways to take advantage of it if you're looking for a new credit card or somewhere to stash your cash.

Savings are vital to securing a stable and secure financial future. A healthy savings account balance can help you weather setbacks like emergency expenses or job loss and achieve your goals without ...

Would you prefer to earn interest – or pay it? Understanding how compound interest works allows you to make better decisions in your investment portfolio and your overall financial life. Compound ...

Daniel Amerman calculates the U.S. national debt will grow to $54 trillion in 30 years based on three interest rate hikes this year. Janus Henderson Investors is also worried about the growth of U.S.

Compound interest can lead to exponential asset growth. Compound growth also applies to equity assets, even if the returns don't come in the form of interest. It's important to start saving as early ...

Compound interest allows money to grow exponentially by earning interest on both the initial principal and accumulated interest. A $1,000 deposit at a 4% annual rate grows to $1,040 in one year, then ...

So, which would you rather have: a million dollars? Or a checkerboard that has one penny on the first square, two pennies on the second, four pennies on the third and so on, doubling each time through ...