You can also get those rolling payouts in CD's as well. I got a 7 CD ladder, 3,6,9,12,18 month ladder.Its a depressing time to be looking at our total balances but it is a good time to buy while prices are down. All the investments I made during the period Sept 30 - Oct 12 last year did great (grew 25+%). I had some standing ('good til cancelled') limit orders at what I considered attractive prices and two of the four I had achieved the lows and bought this past week or so.
But, I have moved some money from investments to rolling one month treasuries because it feels so good to be getting such high (compared to the past several years) bond interest.
Even though people are gloomy about the stock market, when I read the details of the articles, they are still expecting the market to continue to go up, just not as largely as in the recent past.
And when I compare bond rates to historical rates, it looks like they are a lot more normal now, like we were in a weird period recently with high market and low bond, and now we're becoming sort of average which I think is what the commonly recommended asset allocations were based on.
Different banks all protected by FDIC.