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The power of compound interest

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shows how you can really
put your money to work and watch it grow.

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When you earn interest on savings,

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that interest
then earns interest on itself,

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and this amount is compounded monthly.

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The higher the interest,
the more your money grows.

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If you save $200 each month,
after 35 years,

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your money would have only grown
to $148,680

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at a 3% interest rate.

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At a 6% interest rate,

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it would have grown to $286,370.

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But if you received
a 9% interest rate on your savings,

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your money would have grown to $592,760.

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So you see, the sooner you start to save,

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the greater the benefit
of compound interest.