Compound interest

Compound Interest Formula and Benefits

“Compound interest is the eighth wonder of the world. Whoever understands it, earns it; whoever doesn’t, pays for it. Albert Einstein would have said that. Many quotes are attributed to him that he did not actually say, and this may be one of them; Personally, I don’t see the guy who imagined riding a beam […]

Compound interest

How to get the most out of compound interest – and one thing to watch out for

Compound interest is a buzzword many financial advisors mention when clients are looking to get the most out of their savings, with many financial products promising great returns, but things can get confusing too. According to Neil Thompson, Product Manager at African Bank, it’s up to service providers to make sure customers fully understand how […]