Have a CD account set to mature this June? Here's what to do next.

MoneyWatch: Managing Your Money Have a CD account set to mature this June? Here's what to do next. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money 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. Read Full Bio Matt Richardson May 19, 2026 / 11:27 AM EDT / CBS News Add CBS News on Google Savers with a CD account set to mature this June should start preparing their next steps right now. spawns/Getty Images The decision to open a certificate of deposit (CD) account in recent years was often a straightforward one. Interest rates on this account type had grown exponentially from where they were at the beginning of the decade. Accordingly, some savers were able to secure rates as high as 6% or 7%, if they met certain criteria. With rates on these accounts fixed, these became profitable and secure options for savers during a period of heightened economic uncertainty, decades-high inflation and higher everyday costs.But the economic terrain this spring has changed once again. Interest rate cuts are on hold and the need for a safe and profitable home for your money is once again a top concern with inflation surging to its highest point in years. Against this backdrop, if you have an existing CD account set to mature this June, you may be wondering about your next move (or lack thereof). You shouldn't wait until that date arrives, however, as diligent planning now can ensure continuity and profitability in your savings strategy. Below, we'll detail three moves to consider making if your CD account maturity date is quickly approaching.See how much interest you could be earn...