A $10,000 long-term CD comes with lucrative returns and protection against market changes, if opened now. Getty Images/iStockphoto

For the first time since December 2024, interest rates have been cut , giving borrowers reason for cautious optimism.

Savers, however, may want to strongly consider pivoting their approach.

The high rates of recent years on high-yield savings and certificate of deposit (CD) accounts have already diminished in the last 12 months. And, now, with a 25 basis point cut issued by the Federal Reserve on Wednesday, they're likely to continue that gradual but noticeable decline.

But that doesn't mean a CD account, for example, isn't still valuable (at least for the time being). In fact, there's a compelling case to be made for opening a $10,000 long-term

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