11+intermediateinterest-growth
Interest Grows Savings
Explore why daily crediting means each day's interest is added to the principal.
5
Lessons in this module
30 min module estimate
1Preview
How banks pay interest
Explore why daily crediting means each day's interest is added to the principal.
6 minPreview lesson →
2Preview
Comparing savings rates
Explore why a high rate is undermined by high fees, minimum balance traps, or withdrawal restrictions.
6 minPreview lesson →
3Preview
Nigerian savings rates today
Explore why the CBN's Monetary Policy Rate (MPR) is the benchmark.
8 minPreview lesson →
4Preview
Government savings bonds
Explore why fGN Savings Bonds are government IOUs.
8 minPreview lesson →
5Preview
Maximising savings interest
Explore why rate and time are the two multipliers in I=P×R×T.
8 minPreview lesson →
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