The length of time the money stays in the account. Storylines to Explore The Power of Compounding
Compare a standard savings account (0.01% APY) against a High-Yield Savings Account (4.00%+ APY). The spreadsheet will show a dramatic "hockey stick" curve where the gap between the two grows exponentially over 10+ years. The "Wait" Cost Download APY CHAT xlsx
Many accounts have "teaser rates" that drop after a certain balance; use the sheet to see if moving funds is worth the effort. If you'd like to dive deeper into a specific scenario: Initial investment amount (e.g., $5,000 or $50,000) Monthly contribution plan (e.g., $100/month) Target goal or timeframe (e.g., buying a house in 5 years) The length of time the money stays in the account
To help you get the most out of your data, Core Data Points The "Wait" Cost Many accounts have "teaser rates"