As you can see in the table above, the compounded interest ... no monthly contributions or withdrawals and the interest is compounded daily. Compound interest can make your savings grow faster.

then you are paying a daily interest rate of 0.0493%. Suppose you carry a $5,000 balance. After one day, you'd owe $5,002.47. The next day, you'd owe $5,004.94. Compound interest expenses can add ...