Do you have lofty dreams that require building up your savings? You may be saving for a car, vacation, or down payment on a home. Are you taking advantage of compound interest to reach your dreams?

Once you learn about the magic of compounding interest, it's natural to want to put its power to work building your wealth. Here's what you need to know about which accounts earn compounding interest.

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and ...