Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time periods. Investment vehicles like CDs, high-yield savings accounts and money ...

Compound interest can help turbocharge your savings and investments, or it can quickly lead to an unruly balance, keeping you stuck in a cycle of debt. Its magic can help you earn more — or owe more.

Explaining compound interest can seem like a complicated conversation to have with adults, let alone children.