Both have high interest rates now, but only one will be better for savers after a presumed September Fed rate cut.

The Fed is likely to cut rates on September 17. Locking in a 6-month CD now before rates start to drop could prove to be a ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Interest rate cuts, on hold for all of 2025, could soon become a reality again. After the Federal Reserve issued three reductions in the final months of 2024, the central bank elected to pause rates ...