When you first see the acronym, “CD”, what comes to mind? Your brain may jump to the old compact discs, a now antiquated music listening format that reminds you of younger days when almost everyone had a Walkman CD player. While compact discs might be a thing of the past, there’s another meaning to the acronym that isn’t going out of style anytime soon which is a certificate of deposit. If you have never used - or have even heard of - this kind of CD, believe us when we say that you are not alone. That is why we have developed this guide for you to better understand what they are and how to use them to your benefit.
After all, a CD can be a great way to grow a healthy amount of savings - you just need to know where to start.