You're not taking advantage of compound interest

@ashtonandana

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Promoted product

Liberty Bank

Why it worked

The video effectively uses a clear, relatable financial example to illustrate the power of compound interest, making a complex topic easy to understand and motivating viewers to manage their savings.

Summary

The video explains the difference between interest rates and APY, highlighting how compound interest can significantly increase savings over time. It then promotes the Liberty Bank mobile app as a tool to manage various financial accounts and track progress.

Structure

1Explaining interest rate vs. APY
2Demonstrating compound interest with an example
3Showing long-term savings growth
4Introducing the Liberty Bank mobile app
5Highlighting app features and branch locations

Product placement

Liberty Bank (ACTS): A bank that provides checking accounts, savings accounts, credit cards, and home loans. Removing it would change what happens in the video because the video demonstrates its mobile app and discusses its financial products. Liberty Bank (APPEARS): A logo appears on the mobile app screen. Removing it would not change what happens in the video.

Call to action

Download the app and check it out today!

Original caption

The earlier you start saving or investing, the more time you allow compound interest to work and accumulate over time. Download the app and check it out today! @LibertyBankCT #LibertyBankAmbasador #ad

More from @ashtonandana

On-screen text

You're not taking advantage of compound interest times interchangeably actually things don't compound while stands percentage does put savings APY: 3% Interest gained: $30? right that fifty your $1,002.50 next is that $30.42 but you're save for years your $15,323.50 contributed can mobile Checking Account $25.00 Available Now Current Balance $25.00 $2,879.82 As of Jun 26, 2026 $4,148.42 As of Jun 26, 2026 ROTH IRA $6,000.52 As of Jun 26, 2026 Link and View External Accounts CREDIT SCORE account savings card 51 your confidence

Transcript

A lot of times you hear interest rate and APY used interchangeably, but they're actually two different things. Interest rates don't take into account compound interest, while APY, which stands for annual percentage yield, does. For example, if you put $1,000 into a savings account that has a 3% APY that compounds monthly, 3% of $1,000 is probably $30. You'd gain $30 that year, right? That first month, it actually made $2.50, making your new balance $1,002.50. And for the next month, that 3% is actually applied to that $1,002.50. So after a year of this, your account actually gained $30.42. But you're save for 10 years into your account, it's going to have $15,323.50 in it. And you only contributed $13,000. You can use the Liberty mobile app to keep track of the status of your account, whether you're looking for a checking account, savings account, high yield savings account, credit card, home loan. There are 51 locations across Connecticut and Massachusetts that can help turn your money into confidence for the future.