Do banks still offer compound interest?

In today's financial landscape, where digital currencies and alternative investment options abound, one may be left wondering: do traditional banks still offer the classic benefit of compound interest? This question holds particular relevance given the recent surge in popularity of cryptocurrency and its associated investment strategies. However, for those seeking to grow their savings through traditional means, understanding the availability and workings of compound interest remains crucial. So, let's delve into this question and explore whether banks still leverage the power of compound interest to reward their customers' loyalty and encourage long-term savings.