It may be worth renewing your maturing CD account, even with rate cuts looming. Getty Images/iStockphoto

Borrower plans are changing.

That seems to be the sentiment this month as the first interest rate cut of 2025 is set to be issued by the Federal Reserve. Initially expected to be in the form of just 25 basis points, now there's potential for an even larger cut after recently released unemployment data was poor. Accordingly, the plans of borrowers stuck with high rates on everything from mortgages to personal loans and credit cards are shifting to exploit the cooler climate.

But should savings strategies be evolving, too? Those who have been able to take advantage of the hot rate climate with certificate of deposit (CD) accounts in recent years may be tempted to overhaul the

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