The miracle of compounding can turn a mere $1,000 into millions of dollars -- or it can just strengthen your savings account via compound interest.

Compound interest is the phenomenon that allows seemingly small amounts of money to grow into large amounts over time. Compound interest essentially means "interest on the interest" and is the ...

Compounding is the process where an asset’s earnings, from either capital gains or interest, are reinvested to generate additional earnings for an investor.