When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: Getty Images/Joseph Okpako Virgin – the latest album from Lorde released just days ago ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

CDs are a low-risk investment option that allows your money to grow at a fixed interest rate over a specific period. If you’re considering opening a certificate of deposit (CD) or already have one, ...