$10,000 CD account moves to make before a September Fed rate cut

There are some strategic moves savers should consider before opening a $10,000 CD account this month. Nora Carol Photography/Getty Images

The interest rate cut that's been anticipated by millions of Americans for all of 2025 finally seems to be happening.

After the Federal Reserve kept rates frozen for the first eight months of the year, the central bank is poised to issue a small but important cut when it meets again this September. And while a 25 basis point reduction may have a negligible impact for borrowers, it will undoubtedly contribute to lower returns for savers, perhaps in a significant way over time.

With rates on high-yield savings and certificate of deposit (CD) accounts already lower than they were at this point in 2024, then, savers still hoping to reap bi