Investments
As you know, saving and investing are entirely different. The magic of compounding is experienced when investing, as earned growth is re-invested and grows.
When will your investment double? The Rule of 72 comes into play.
Interest rate multiplied by the length of time = 72
OR
72 divided by the interest rate = length of time
If you want to grow your money, you need a sound investment plan which is reviewed at least annually and is flexible enough to enable you to achieve your financial goal(s). It is usually a good idea to work with a professional who can develop a customized investment portfolio to meet your needs.