Maximize your CDs ahead of rate cuts

Certificates of deposit have been a saver's delight as the Federal Reserve hiked its benchmark, short-term federal funds rate to 5.25-5.5% to contain inflation. Banks have already begun cutting their deposit rates in anticipation of a rate cut, said Ken Tumin, banking expert at DepositAccounts.com. But Americans can still lock in a solid return if they hurry,…