This week, the Federal Reserve announced a 25 basis-point reduction to the federal funds rate — its first rate cut of 2025. The Fed indicated that two more rate cuts may be on the table for 2025. Rate cuts can be cause for celebration, particularly if you're planning to buy a home or pay off debt. But you can also expect to earn less interest on bank deposits and some investments. In other words, now is a good time to reevaluate where you keep your savings and look for ways to maximize your interest earni ...