A $15,000 CD opened at today's high rates can still earn savers hundreds or even thousands of dollars in interest. Yevgen Romanenko/Getty Images

While American borrowers eagerly await the first interest rate cut of 2025, expected for when the Federal Reserve meets again this week, savers are largely in a different position.

Since 2022, savers have been able to earn more and more interest on their money, thanks to an extended interest rate hiking campaign that only reversed course in the final months of 2024 . That caused rates on vehicles like certificates of deposit (CD) accounts to surge. And the cuts that were issued last year only slightly offset those high rates.

Now, however, with a rate cut almost certain this week, and others possible for later this year, the inter

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