Most people are always talking about saving money but failing to do so because - - they have many reasons. But what of this? If someone buys a certificate of deposit [product offered by most banks] which is almost similar to savings accounts except that you can't withdraw your money for a specified period of time. The upside is that unlike a traditional savings account you earn a higher interest. Can this help one to save more because at least there is the incentive of earning more interest?