Certificates of deposit are emerging as a prime destination for cash holdings, offering returns up to 5% even as the Federal Reserve signals future rate cuts. The guaranteed returns dwarf the average savings account yield of 0.57%, potentially generating $500 annually on a $10,000 deposit compared to just $57 in a standard savings account. “CDs are a great place for your cash if you don’t need the money for a specific amount of time,” Jeremy Keil, a financial planner in Wisconsin, said to CNBC. The timing consideration proves crucial, as CD investments require committing funds for a predetermi…