Currently, the higher the interest rate a bank offers on a CD is indicative of how desperate that bank is for outside deposits.

Current fed funds rate 4.75%, current 10YR Treasury 3.56%

Current other avenues of more profitable lending vary, but columns of those loans are depressed.

I am seeing CDs at 5-5.35%… these are being issued at a loss by the banks to try and pull in outside deposits and restore bank solvency.