Today's CD rate environment demands early action if you want to maximize your returns. Guido Mieth/Getty Images

The interest rate you locked in when you first opened your certificate of deposit (CD) account may look very different than the rates being offered today . After all, quite a bit has changed with the economy since the start of 2025. The Federal Reserve just instituted its first benchmark rate cut of the year, mortgage rates have started to ease and CD yields — which surged in 2023 — are continuing to show signs of softening.

If your CD account is coming due this November, all of this matters because what you do now, not after your CD account's maturity date , will help to determine how much interest you'll earn going forward. And, it will also play a role in h

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