“The banks I went to primarily wanted to offer 5 to 15-month CDs.”
I’ve noticed that as well. What happened to the one, three, and five year CD choices? A few years ago, the shortest term CD you could get was one year. OZK is currently offering the rate at 5% for a 13 month CD which is the closet thing to a one year CD I could find at a decent rate. Five month CDs were about 4%. A few years ago, the bank would laugh at you if you asked about a five month CD.
Also, my credit union is offering 5.13% for a 15 month CD so credit unions seem to be the better option than a bank.