Top CD Rates Today: Leaders Are Paying 5.75% to 6.50%
It appears that some U.S. banks really need your cash and they are now competing for it.
Perhaps they plan to purchase some gold with your cash? I don’t know.
https://www.investopedia.com/top-cd-rates-today-leaders-are-paying-5-75-to-6-50-8361989
Capital One is where I’ve opened CDs (Certificates of deposits) … just like doing dollar cost averaging on stocks, one can do more CDs if they offer higher rates later (5.25% for 18 months is their best deal right now). I started in January this year, and have done 3 CDs so far.
As always, the “safe haven” banks do not offer such rates.
GL