There exists a pretty simple concept of Fixed Deposits in India where some banks pay up to 7% return per annum with a good deal of flexiblity. This is a good option for those who want to have a totally safe cash-flow every quarter in the form of interest payments. However, I was wondering if there is any such thing in the U.S. especially for foreign nationals where people could save money and receive interest cuts every quarter as interest payments. All I want is a high interest paying fixed savings account with regular interest payouts. Check out this link to know more about regular fixed deposit account in India, or this link to see typical rates and terms.
Edit: This link should surprise some people as the FD interest rates are so high, sometimes beating the Stock Market.