The Federal Reserve’s upcoming rate cut could impact interest earnings, making CDs a smart investment. The federal funds rate, currently 4.25%–4.50%, influences banks’ overnight borrowing rates. These changes impact consumer deposit and loan rates. Experts predict a rate cut in the Fed’s September meeting due to economic trends and a weak jobs report. Now may be a good time to consider opening a CD before the Fed’s decision.

Read more at Yahoo Finance: Why you should open a CD account before the Fed’s next meeting