Bonds. I Bonds.

Behold the lowly I Bond: Yields soon to be around 7%, tax advantaged, and as close to no-risk as it gets. Not bad, not bad at all. Check 'em out:

USATODAY.com - Savings Bonds: Should you buy now or later?

Whether you buy I Bonds before Nov. 1 or after, you'll get a rate that beats other conservative investments, such as certificates of deposit and money market funds.

When you buy Savings Bonds, you're required to hold them for a minimum of 12 months, so don't buy one if you think you'll need the money before then. If you cash them in before you've held them five years, you'll forfeit three months of interest.

But at current rates, investors who sell I Bonds after a year and take the penalty will still earn more than they can get on most other low-risk investments, Pederson says.