Thanks for the suggestion of Vanguard Short-Term Bonds (BSV). I see that the April 1, 2021 dividend paid was $0.089 per share, or $1.068 annualized. With a share price as of the close on April 8, 2021 was $82.25, the effective yield is currently closer to 1.3%. I do recognize that prices of BSV will fluctuate as will the dividend payments based on prevailing conditions.

From what I have read, the IncomeDriver Notes program is a direct investment in senior notes issued by Toyota Motor Credit Corporation (“TMCC”) which does business as Toyota Financial Services. Fitch Ratings, one of the leading credit agencies, has given TMCC a current rating of A+. While ratings can change and company prospects can deteriorate, it seems as though the risk associated with the underlying issuer is relatively low.

Toyota Income Driver Notes are currently paying 1.50% per annum. Redeemable at any time, $500 minimum investment, but not FDIC-insured. www.incomedrivernotes.com