iBonds are paying a hefty 6.89% until April 2023

iBonds purchased before April 2023 are paying a whopping 6.89%.

Your money will be locked up for a year, but you'll also receive a risk-free guaranteed rate of return. 

The current rate is almost 3% higher than the top level High Yield Savings Accounts (HYSAs) that are paying around 4% interest. 

A $10,000 max investment in iBonds would earn almost $300 more interest in a year than an HYSA.