CD rates may not stay this high for long

Hey there,

The Federal Reserve is set to meet later this month, and there’s growing talk that they could lower rates for the first time since 2024.

That’s a big deal. Over the last couple of years, rising rates have given savers something we haven’t seen in a long time: CDs paying 4–5% or more. But if the Fed cuts rates, banks will almost certainly follow, and those high CD rates could quickly start to slip away.

So, is now the right time to lock one in? Let’s look at why CDs might deserve a spot in your savings plan.

Lock in a Competitive 4.25% APY with Synchrony’s 15-Month CD

Looking for a safe way to grow your savings while rates are still strong? Synchrony’s 15-month Certificate of Deposit (CD) is offering a standout 4.25% APY, well above the national average.

Here’s why this CD is worth considering:

• Guaranteed growth – Your rate is locked in for the full 15-month term, so your money grows without surprises.

• Peace of mind – FDIC insured up to $250,000 per depositor, per bank.

• Low commitment, high reward – A shorter term than many CDs but still a strong yield.

• Flexible banking – Manage your CD entirely online with Synchrony’s easy-to-use platform.

If you’ve been waiting for the right moment to put your cash to work, this could be it.

👉 Open Your Synchrony CD Today

Why CDs make sense right now

They lock in today’s rate. Unlike savings accounts, which can move down when banks cut yields, a CD guarantees your rate for the full term. If you open a 12-month CD at 5% today, you’ll keep that 5% even if banks drop to 4% next week.

They’re safe. CDs are FDIC-insured up to $250,000 per depositor, per bank. That means your money is protected, and your return is guaranteed.

They beat inflation. While everyday savings accounts still hover below the top CD rates, locking in a CD means your money is at least keeping pace, and often outpacing, rising prices.

They’re disciplined. Because your money is locked in for a set term, CDs can help prevent “accidental” spending. You know it’s growing quietly in the background.

You can ladder for flexibility. Don’t want all your cash tied up? A CD ladder (spreading money across different maturities) lets you keep some funds available while still capturing high rates.

Why this moment matters

If the Fed follows through with a rate cut this month, it could mark the start of a new cycle of falling yields. The 4% CDs we’re seeing today may not be around much longer.

That makes now one of the best opportunities in years to lock in a strong, guaranteed return. Even if you don’t put all your savings into a CD, putting a portion aside could give you peace of mind and predictable growth, no matter what the Fed does next.

The bottom line:

If you’ve been waiting on the sidelines, this could be your chance to secure one of the best CD rates we’ve seen in over a decade. By the time the Fed makes its move, those offers might already be gone.

👉 [See today’s best CD offers here]

Until next time,

-Sean Bryant
Founder of One Smart Dollar
Publisher of The Banking Edge

P.S. Know someone still debating whether to open a CD? Forward this their way—they’ll thank you later.