Why a $10,000 CD account is worth opening this May

This May could be a smart time to shift your $10,000 into a CD account. spawns/Getty Images Towards the end of 2024, when the Federal Reserve reduced interest rates three times in the final four months of the year, many savers understandably probably assumed that the existing era of big returns on select savings accounts was rapidly approaching. And, in the final months of 2025, when the Fed cut rates another three times, this viewpoint became further solidified. …