US Savings Bonds

If you are interested in a higher yield rather than a savings account or CD; take a look at US Savings Bonds,

Forget the EE series, pays 0.10 % and that rate hasn't changed in over a many years. However the series I savings bonds are currently paying 3.54 % which is updated every six months, next date is November 1, 2021.

Down side to the bonds is the annual limit of $10,000 per person electronically and another $5,000 via a tax refund for a paper bond,

You must hold the I bond at least one year before you can redeem, subject to a fee if redeemed in held less than 5 years.

It's expected but not certain the next rate change in November could reach 4.4 %.

Dan