Interest earned on both the principal amount and any interest already earned

An automatic electronic deposit of net pay to an employee's designated bank account

Money set aside for unanticipated expenses or loss of income

The U.S. corporation insuring deposits in US banks against bank failure

The rate at which the price of goods increases and consumer purchasing power decreases over time

The amount you earn as the benefit of depositing money in an interest-bearing account

A savings account, typically offering higher interest rates, that is managed entirely online with no physical bank branch

A method of saving whereby you put a fixed amount of income into a savings account before you pay monthly bills or make purchases

The original amount of money saved or invested, separate from interest or earnings

Interest paid on the principal alone

A popular trick to find out how long it will take your money to double depending on what interest rate you are receiving

A measurement of your assets (money you've saved or things of value you own) minus your liabilities (money you owe others); also called net worth