Just looked at the 2 and 3 year (JUMBO) CD rates
I used the "search anywhere" tool and with one exception
(a CU that most cannot join) I see ridiculously low CD rates.
The banks are not even paying as much as Treasuries.
2 year Treasury is 2.02
3 year Treasury is 2.16
As of today (3/17) at 2:30 PM Eastern.
Brokers like Fidelity do not charge commissions on Treasuries.
The CD's ought to pay more than Treasuries (they do not)
Just my 2 cents