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We’d like to introduce you to compound interest. It’s a simple principle that works consistently in practice. When you invest, your investment starts to earn money. Then the gains it accumulates also start to earn money and your initial investment can snowball very quickly.

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If you’re looking to hit the right financial notes in a market with steadily increasing rates, a bump rate certificate can be a great addition to your savings plan. Just like you might turn up the volume on your favorite song, this particular type of certificate offers investors the opportunity to “bump up” their earnings.

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Albert Einstein famously said that compound interest is the 8th wonder of the world, but its power is difficult to grasp. So, to give a simple visual demonstration, I'll double the amount of "c"s each time one is used in just three short sentences below. Imagine that each "c" is one cent deposited in a compounding savings account:

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Laddering your certificates is an attractive investment strategy for new and seasoned investors looking to diversify their portfolios. With laddering, you will be able to decide how you want to split up your investments and whether to reinvest each time a certificate matures. By opening multiple certificates with staggered maturity dates, you have the potential to earn better returns while keeping your money safe.

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New toys, tech, and other gifts are fun to receive during the holidays, but they don’t come cheap. Add seasonal travel, decorations, and festive meals, and it's easy to see why many households find themselves with thousands of dollars of holiday debt after the season has passed. Don’t let this happen to you!

Get comfortable and snuggle up to these tips that could prevent you from waking up to holiday debt come the new year.

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