This week you could earn 5.1% on a six-month U.S. Treasury bill, free of state and local tax.

High-quality municipal bonds are yielding the equivalent of roughly 5.5% if you’re in the top federal tax bracket. 

You could also buy TIPS (Treasury inflation-protected securities), maturing in 2043, that assure you of a return more than 1.6 percentage points above inflation if you hold for the next 20 years.

Rising interest rates should help immunize you against Wall Street’s propaganda that says you need to own junkier bonds to bolster your income.

Jason Zweig WSJ 24 February 2023

https://www.wsj.com/articles/welcome-to-the-5-world-where-yield-chases-you-af3df384