CNBC Select defines compound interest, how it works and ways to take advantage of it if you're looking for a new credit card or somewhere to stash your cash.

Would you prefer to earn interest – or pay it? Understanding how compound interest works allows you to make better decisions in your investment portfolio and your overall financial life. Compound ...

Daniel Amerman calculates the U.S. national debt will grow to $54 trillion in 30 years based on three interest rate hikes this year. Janus Henderson Investors is also worried about the growth of U.S.

Compound interest can help turbocharge your savings and investments, or it can quickly lead to an unruly balance, keeping you stuck in a cycle of debt. Its magic can help you earn more — or owe more.

Compound interest can lead to exponential asset growth. Compound growth also applies to equity assets, even if the returns don't come in the form of interest. It's important to start saving as early ...

Discover the power of compound interest and learn how starting your retirement savings early can have a significant impact on your financial future. Delaying your retirement savings can be a costly ...

So, which would you rather have: a million dollars? Or a checkerboard that has one penny on the first square, two pennies on the second, four pennies on the third and so on, doubling each time through ...