11.   They are usually issued with a three-year maturity and interest is compounded every three months.

12.   To illustrate the differences, consider what would happen to the same account if interest were compounded quarterly or daily rather than monthly.

13.   To understand how this accumulation works, approach the account on a day-by-day basis, which is how your interest is being compounded.

14.   Under a provision attached to the new minimum-wage law, interest will be compounded annually, not just computed on a simple basis.

15.   Your money grows faster because interest earned is compounded without the tax bite.