3 CD account questions to ask after this week's Fed meeting

There are multiple CD account questions worth asking alongside this week's Federal Reserve meeting. Getty Images/iStockphoto Just under 99%. Those are the chances that the Federal Reserve will keep interest rates paused when it meets again this week in its first meeting since late April. The chances of a rate cut, according to the CME Group's FedWatch tool, are currently just over 1%. In other words, expect more of the same when the central bank meets on June 16 and June 17, even with a new chairman now in charge. And while that may not be the development millions of borrowers hoping for lower rates were hoping for, it will continue to sustain savers who have become accustomed to earning big returns on their money in recent years. One of the more profitable and consistent ways to take advantage of the high-rate climate has been with a certificate of deposit (CD) account . This account type comes with elevated, fixed interest rates , many of which sit over 4% now, depending on the term . And they have the potential to increase even further depending on what actually happens at this week's Fed meeting, as well as what's discussed by officials once it concludes. Against this backdrop, then, prospective CD account holders as well as those with an account set to mature this month , should start contemplating their next moves. That starts with coming up with answers to the three specific questions we've outlined below. …