Investors seeking higher yields than US Treasuries with comparable risk should consider bank bonds backed by the Federal Deposit Insurance Corp., said Gary Pollack, head of fixed-income trading and research at Deutsche Bank AG.

American Express Co issued FDIC-backed bonds in December with three-year maturities yielding 2.501 percent and JPMorgan Chase & Co's three-year notes are yielding 1.821, according to data compiled by Bloomberg. That compares with yields of 1.027 percent for three-year Treasury notes.

"We're buying these for our clients because they're 'almost' Treasuries with better yields," said Pollack, who helps oversee $12 billion at Deutsche Bank AG's Private Wealth Management unit in New York.