If you are with one of the big banks, chances are you are getting a lot less than 1.50%. As of this post, this is the yield for a 1 year CD with the top four banks:
|Bank of America|
High Yield CD
|Wells Fargo||$2,500||12 Months||0.20%|
And your money is as safe as it would be with any of the above banks. Alliant Credit Union gives you this incredible Savings rate that rival CD rates of many banks. ACU is a credit union and funds are federally insured up to $250,000.
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Disclaimer: None of the links above are affiliate links. I’m not paid by any of the banks mentioned above for this post.