One approach to protecting yourself is "laddering, " or buying individual bonds with staggered maturity dates so funds can be reinvested at higher yields as rates go up.

FORBES: Magazine Article

The primary advantage of laddering your CDs is that it gives you access to the best CD rates while ensuring that at least a portion of your money will be available on a regular basis.

FORBES: Use a Reverse CD Ladder to Save for Future Expenses