Opening a $10,000 short-term CD account before September could be the smart move for savers now. Getty Images

Borrowers eagerly awaiting an interest rate cut from the Federal Reserve this September may want to start making some strategic moves now to prepare. Homebuyers , for example, will want to be well-positioned to compete in a new market should rates start to decline again and competition increase. But it's not just borrowers who will want to get ahead of anything that could happen after the central bank meets again on September 17. Savers, too, should be judicious and savvy in their current approach.

For many, even in today's slightly cooler rate climate, that means exploring certificate of deposit (CD) account options. Rates on these accounts are still relatively hig

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