Q:

Why would I open a low-rate 9 month CD instead of a higher rate savings account?

One specific (popular online) bank is offering a 9 month 1.25% CD, while it's savings account is 1.90%.
There's no way I see interest rates tumbling in the next nine months, so why should I -- why should anyone -- get a 1.25% CD when savings accounts are paying 52% more interest?
(This question is not specific to this particular bank at this particular time.  It's about the general practice of buying low-rate CDs when savings accounts have a higher rate.)

A:

Because rates might be lower before the 9-month period is over.  If you don't think that's likely, that's fine.

