Certificates of deposit (CDs) is one way to earn interest without sacrificing safety. Apart from CDs you may want to consider investing in BONDS, which can help manage the risks of changing interest rates and produce predictable income.
Basically, Bonds will produce you a steady and reliable income through interest. You know how much interest you can expect to receive and how often.
The interest rates paid by bonds are higher than savings accounts, especially short-term bonds. It is ideal for elderly or disabled persons, business start ups, your child’s future savings or even a new home.
Disadvantages of Bonds:
Companies could go bankrupt
Long-term bonds will have your money tied up
No high long-term returns