From the MintLife Blog
No matter what anyone says, interest rates can still go much lower. That doesn’t mean they will. Nobody can predict interest rates. Not economists, not bond fund wizards, and certainly not you and me. If you’re doing anything with your money based on an assumption about future interest rates—such as shifting your bond portfolio to cash while waiting for bonds to return to “normal” rates—you’re gambling, plain and simple
For those who keep their money in bank accounts, this is why one should stick with a CD ladder
rather than shifting maturing CDs into savings accounts thinking higher rates are just around the corner.