High CD interest rates may remain high now that inflation's ticking up again. Here's what savers should consider.

There are multiple CD options to choose from right now, each with its own set of advantages and disadvantages.

However, if interest rates go up, CD rates are also likely to rise. The bottom line is that just how much CDs rise (or don't) ultimately hinges on the Fed's decision to cut interest rates or not.

But they may not want to rush into an account opening without first understanding how the latest inflation rise could impact CD interest rates. Below, we'll break down what to know now.