When it comes to saving money, many people think of stashing cash away in a savings account. However, there are other options, including investing in certificates of deposit, or CDs.

A CD is a type of investment that offers a fixed interest rate for a set period of time. The longer the term of the CD, the higher the interest rate. 

CDs are a low-risk investment, and they are insured by the Federal Deposit Insurance Corporation, or FDIC. This means that if the bank where the CD is held fails, the CD holder will still receive their money back. 

There …