One thing that accompanies this....in the high period...CD rates were in the 8 to 12 percent range.
My dad would discuss this at length, how he locked in $50k for five years...at 13-percent...around 1980.
Good point. Today they are 5%.
Merrill Lynch was paying 18% on their money market accounts back then.
I remember getting a CD at Buffalo Savings Bank for 15%.
I just bought a 26 week Tbill yesterday. The last auction was 5.3%