How to Bank

From setting up online banking to voiding checks, this beginner's guide will give you the basics of consumer banking.

Banking Basics
Person looking at computer
What Is Interest?
What Is Escrow?
Why Does Compound Interest Matter? Compound interest equals interest earned on money that was previously earned as interest. Compound interest causes interest and account balances to grow. Good for savings and investments, but can work against you in playing interest on a loan. Frequency, time, interest rate, deposits, and the starting amount all make compound interest powerful.
Compound Interest Makes Your Investments Grow

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