May 06, 2022Transcript
Compound interest is calculated periodically—either daily, monthly or quarterly—and then added back to your account balance. The next time your interest is calculated, it’s based on the new, increased balance.
This information provided is for informational purposes only and does not substitute consultation with a legal, tax or investment professional for important financial decisions. Laurel Road assumes no liability for loss or damage incurred by use of the information provided. Please visit laurelroad.com for full product details, terms and conditions.
All Laurel Road lending products are subject to credit approval.