Just looked and yeah, this is not a good moment for CDs (or high-yield savings accounts). I used to get over 1% from my Ally bank savings account. I suppose you can't beat inflation with CDs or savings accounts right now, though in a higher-interest environment you certainly could.

> in a higher-interest environment you certainly could

Maybe, maybe not - it's possible for interest rates to be high and inflation to be even higher (stagflation).