We work hard for our money, so why not let our money work for us? The concept of compounding interest can be fascinating to children and can get them excited about saving their money.
Nature is a great way to explain the power of compounding.
Show your child how compounding interest works using the rule of 72 (72 divided by the rate of return on your investment equals how often your investment will double).
(Both Umpqua and former Sterling/Argent customers: Find your account below)