There are multiple savings accounts for savers to research if they have a CD account set to mature soon. Guido Mieth/Getty Images

The recent era of high interest earnings on select savings vehicles appears to be approaching its end.

Not only were interest rates reduced multiple times in the final months of 2024, thus reducing the interest earning capacity on accounts like certificates of deposits (CDs) , but additional cuts now seem likely for when the Federal Reserve meets again this month. And with new unemployment data raising additional concerns, it's possible that a cut when the bank finishes its next meeting on September 17 will be larger than anticipated earlier this year.

This is a concern for current CD account holders approaching their accounts maturity date

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