Looking for a higher return on cash savings...how about over 7 percent on savings bonds? Seriously!

Jim Steffen |

If you have cash savings today (November 2021), the real question is what to do with it? Even the “high yield savings” accounts online today such as Ally or Capital One only pay about 0.5%. So how would you like to earn over 7 percent guaranteed by the United States Treasury? Well, there is such an opportunity right now in US savings bonds of all things. Sounds too good to be true right? Here are the key things you need to know.