Have a CD account maturing right before interest rates are cut? Do this now.

Looming interest rates will need to be strategically managed by CD account holders. Getty Images

Interest rate cuts, on hold for all of 2025, could soon become a reality again. After the Federal Reserve issued three reductions in the final months of 2024 , the central bank elected to pause rates for the first eight months of the year, citing concerns over inflation and economic instability. But that could change in September, with the CME Group's Fedwatch tool currently listing a rate cut for the central bank's September 17 meeting at a 92% likelihood, approximately. And while that trajectory could change, it's increasingly looking likely that borrowers saddled with high rates may soon get some small but significant relief.

But what about savers? Particularly those who locked in