The best replacement for savings bond is cd.

The best alternatives to savings bond are rated as following:
★★★★★  cd
★★★★★  savings account
★★★  certificate of deposit
★  treasury bond
★  i savings bond
  ee savings bond
  u s savings bond
  series i savings bond
  trust fund

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Speaking about savings bond, one probably shouldn't forget about wrong social security number.

Other search terms related to savings bond and their ratings are:
★★★★★ wrong social security number
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savings bond
cd
savings account