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I like Ibonds. My current 6 month rate is 9.62% and my next 6 month rate is 6.89%. You have to hang on to them a year. Between years 1 and 5 you pay a 3 month interest penalty but that still gives you a much better yield than savings accounts, high yield checking, CDs, etc.
 

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What kind of bonds are you buying?
Ibonds.They are like EE bonds except the interest rate resets every 6 months. You can only buy them from treasurydirect.gov. You cannot redeem them the first yer. From years 1 through 5 there is a 3 month interest penalty if you redeem.. You are limited to buying a maximum of $10K per year.Once you get past that first year it's a way to hold cash (equivalent) and not get eaten up by inflation.
 
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