How can I double my money in one day?

How can I double my money in one day?

Growing Your Money in Bank Savings Accounts. … The balance in your savings account earns interest because the bank uses your money to fund loans to other people. In other words, the bank pays you to use your money. The interest you receive from your savings account balance usually is compounded daily.

What should I invest in 2020?

The interest you earn on savings accounts can be compounded daily or monthly and rates vary among financial institutions. Some savings accounts may require a minimum balance and most offer an interest rate to help your savings grow (even if only by a few pennies).