A CD account comes with a locked interest rate, which is a major benefit ahead of predicted interest rate cuts. John Piekos/Getty Images

In September 2024, opening a $10,000 certificate of deposit (CD) account was a relatively easy decision to make.

Interest rates on these accounts were still comfortably in the 5% range . And with rate cuts on the horizon for the final months of the year, it made sense for savers to protect their funds with a fixed-rate account.

But what about in September 2025? Multiple rate cuts have since been issued, and there's likely another one coming later this month when the Federal Reserve meets again. Against this backdrop, if you have a $10,000 CD account approaching its maturity date , you may understandably be wondering about the merits o

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