If saving more money is on your list of 2023 financial resolutions, you might be thinking about where to put your savings and the fastest way to grow your funds. For some savers, a certificate of deposit (CD) could be the way to go.
CDs are a type of savings account that pays a fixed interest rate in exchange for setting aside money for a set period of time. Once it matures, you’ll have access to the amount you deposited, as well as the interest you’ve earned.
