Strategic savers can still grow their money with the right CD account approach now, even after the Fed cut rates. athima tongloom/Getty Images

It was just around a year ago in which savers could find a certificate of deposit (CD) account with an interest rate up to 6% . And, it was just around two years ago in which some savers could qualify for an account with a rate of 7% . But the interest rate climate has undergone significant changes since both of those points.

The Federal Reserve issued a series of rate cuts in the final months of 2024 and, this month, they issued their first one for 2025 . While the 25 basis point cut was a minimal one, it underlined the timeliness of opening a high interest earning savings account now. Today's relatively high rates won't be arou

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