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Your money will grow over time with Compound Interest--earning interest on interest (in addition to earning interest on your initial investment). See the power of starting to save when you're young:
Scenario 1 - Starting Early
22 years old - save $2,000 per year for 9 years - total investment $18,000: You'll have $313,185 at age 65
Scenario 2 - Starting Later
31 years old - save $2,000 per year for 35 years - total investment $70,000: You'll have $208,541 at age 65
Difference Due to Starting Early: You earned $104,644 more, thanks to compound interest!
And you put in $52,000 less of your own money!
Example assumes 7% Annual Precentage Yield.
Don't procrastinate! Open your account online and set up automated deposits - or visit a Westerra branch today! Choose Certificates of Deposit, Money Market Accounts, IRAs or other savings options.