It may be time to start seriously considering locking into a CD at current rates particularly if this rate pause becomes extended or the FOMC decides future rate cuts are in order,” says Mohs.

Best CD rates by term Historically, longer-term CDs pay higher rates. For example, according to data from the Federal Deposit Insurance Corporation (FDIC), six-month CDs averaged 0.78% in 2009 ...

Here's what you need to know about CDs and high-yield savings accounts so you can pick the one that's right for your money.