I'm a bit wary of locking up money at a fixed rate for any considerable length of time right now.
If the Fed exerts their independence, and does what they need to do to stave off inflation, rates will probably need to go up soon. This past week Big Ben & Co all but declared the recession over, so this could be sooner rather than later. I'd sit on liquid cash and wait for rates to rise (as well as making sure you don't have all that much in cash, since it's also possible that they will allow significantly more inflation).
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