Compound interest is interest paid on the initial principle as well as the accumulated interest on money you have invested. You earn interest on the money you deposit, and on the interest you have already earned.
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Hodge Bank is a trading name of Julian Hodge Bank Limited which is registered in England and Wales (No. 743437). Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Firm Register number 204439). Its registered office is One Central Square, Cardiff, CF10 1FS.