Article: Hate risk? Love a good yield? Savings bonds are for you

I've told you before, but I must tell you again. If you're a conservative investor looking for a pretty good yield and no risk, take a good look at U.S. savings bonds.

In particular, the Series I or inflation-indexed bond that will pay a rate of 6.98% for six months as long as you buy before April 30, with the interest rate resetting every six months after you buy.

Imagine, getting paid a nearly 7% annualized yield for six months, and all of it guaranteed by the U.S. government. And, as long as you don't cash in the bond, letting the interest accumulate and compound without having to pay any taxes on it.

The downside? Not knowing what the interest rate will be after six months, ...

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