 TITLE: How Does Compound Interest Work? CONTENT: Using Your Knowledge of Compounding Interest\n--------------------------------------------\nYou can make more strategic financial decisions once you understand how compounding works. For example, look for a savings account that offers daily (rather than monthly or yearly) compounding and transfer your savings into the account as frequently as possible. On the flip side, make credit card payments throughout the month to decrease how much interest accrues and compounds—and pay off your balance in full each month whenever possible. END