Are school bonds still a good investment?

Answer 1

Very safe, They pay low interest, but the interest usually isnot subject to fed income tax. because of that, they are attractive to those in high tax brackets.

Answer 2

only if you are in a high tax bracket or in a heavily taxed state where you can double dip on exemption (NY). Most people are not. Never really an investment but a stash to avoid tax man.