Typically pay higher interest rates than certificates of deposit.
With an individual bond, risk decreases the longer you hold it. Managing the maturity date of different bonds can get complicated and confusing. Bonds usually require laddering and managing the maturity date of different holdings. Bonds are not guaranteed. If you hold government bonds until maturity, you should get all your payments and principal back. When interest rates rise, bonds will decline in value.
= Not Guaranteed but Safer Than Average