For context: I have fully paid off all of the student loans in my name, however there is still a sum of money on the parent-plus loan my parents took out to help me through school.
I have some money saved up in a high-yield savings account right now and plan to receive a decent amount of money for my tax return this year.
I would love to invest this money in someway that can help it accrue some interest so I can start paying my parents back. No one here is really in any financial rush to get them paid off, (my parents don’t expect me to pay them back but I really want to) and obviously with any loan, the sooner the better. I was thinking a 1-year CD? Any ideas?