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One Crucial Thing to Do With Your CD Before the Fed Cuts Rates

Article updated on Sep 12, 2024

Do you have money in a CD? Here’s why you should check on it before Sept. 17.

Why You Can Trust CNET Money

Our Experts

Joshua RodriguezKelly Ernst

Written by 

Joshua Rodriguez

Joshua Rodriguez

Expert Reviewer

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, insurance and more have been featured on US News & World Report, CBS News, Yahoo! Finance and other publications. He enjoys spending time with his wife, son, daughter, three dogs and three bunnies when he’s not writing or teaching.

See full bio

Edited by 

Kelly Ernst

Kelly is an editor for CNET Money focusing on banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and home equity products. She is passionate about arming consumers with the tools they need to take control of their financial lives. In her free time, she enjoys binging podcasts, scouring thrift stores for unique home décor and spoiling the heck out of her dogs.

See full bio

CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid.

Reviews ethics statement

Our Experts

Joshua RodriguezKelly Ernst

Written by 

Joshua Rodriguez

Joshua Rodriguez

Expert Reviewer

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, insurance and more have been featured on US News & World Report, CBS News, Yahoo! Finance and other publications. He enjoys spending time with his wife, son, daughter, three dogs and three bunnies when he’s not writing or teaching.

See full bio

Edited by 

Kelly Ernst

Kelly is an editor for CNET Money focusing on banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and home equity products. She is passionate about arming consumers with the tools they need to take control of their financial lives. In her free time, she enjoys binging podcasts, scouring thrift stores for unique home décor and spoiling the heck out of her dogs.

See full bio

CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid.

Reviews ethics statement

Why You Can Trust CNET Money

Table of Contents

  • Why you should check in on your CD before the Fed’s next meeting
  • What to do if your CD is maturing soon
  • Should you withdraw funds from your CD early?
  • The bottom line

Mohd Azrin / Getty Images

Joshua Rodriguez

Written by

Joshua Rodriguez

Expert Reviewer

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, insurance and more have been featured on US News & World Report, CBS News, Yahoo! Finance and other publications. He enjoys spending time with his wife, son, daughter, three dogs and three bunnies when he’s not writing or teaching.

Source: cnet.com

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