WEBVTT Kind: captions Language: en 00:00:01.900 --> 00:00:06.280 The Power of Compound Interest shows how you can really put your money to work and watch it grow. 00:00:06.480 --> 00:00:11.900 When you earn interest on savings, that interest then earns interest on itself 00:00:11.960 --> 00:00:14.500 and this amount is compounded monthly. 00:00:14.540 --> 00:00:18.060 The higher the interest, the more your money grows! 00:00:18.060 --> 00:00:25.340 If you saved $200 each month, after 35 years, your money would have only grown to $148,680 00:00:25.340 --> 00:00:27.560 at a three percent interest rate. 00:00:27.560 --> 00:00:33.580 At a six percent interest rate, it would have grown to $286,370. 00:00:33.580 --> 00:00:40.900 If you received a 9 percent interest rate on your savings, your money would have grown to $592,760! 00:00:41.640 --> 00:00:45.920 The sooner you start to save, the greater the benefit of compound interest.