Billjustbill,
Unfortunately, in today's environment there really aren't many options for investing at higher than 3%, without at least taking some level of risk. That's just the unfortunate reality until interest rates move higher again.

You may wish to explore some alternatives like various types of bond funds, in lieu of holding bank CDs or savings accounts, but be aware that there is still at least some short-term risk that your account balance may fluctuate. High quality corporate bonds, and some conservative types of mortgage bonds may be a good place to start, but I would encourage you to work with an investment professional to ensure that you're really getting something that addresses your concerns about risks of loss.

The bottom line is that low interest rates are a reality right now. Be cautious about stretching too far in search of yield - clear or hidden, there's always a risk embedded somewhere in a much higher yield.

I hope that helps a little!