But if you are willing to take a risk, here's one...
The bad news is that you'll need over £10k, as they are only traded in these large chunks. That's capitalism - the rich get richer...
But thinking about it, your potential Stock and Shares ISA contribution in April might be that much. If you're lucky.
So where can you get that juicy (but potentially risky) 9% return?
The Halifax 9.375% 2021 corporate bond is currently (mid-March 2012) selling at around £102 per £100, giving it an income yield of around 9% and - more importantly (if you read the last post) a redemption yield of 9%. Halifax is owned by Lloyds Banking Group, hence the risk premium in the yield. But is Lloyds going to go bust? I can't see that happening now, can you? At some stage soon the market sentiment on Lloyds is going to change and these huge yields are going to disappear. I previously looked at this same security in December 2011, when it was yielding 10% .
A recent article in Money Week notes that this bond still retains an 'investment grade' credit rating and that it is a 'bullet' bond, which means the company cannot redeem it before the maturity date.
So you can lock in 9 years of superior returns. If the financial sky does not fall in, of course.
Update: I liked it so much, I bought it.
(Purchase price: £1.03)
I am not a financial advisor and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.