Interest rates have been riding high for the past two years. While that's not great for borrowers, it's an excellent opportunity for those seeking higher-yielding investments. Low-risk fixed-income options, like government bonds and bank certificates of deposit (CDs), currently yield between 4% and 5%. That can provide investors with nice income streams.

However, those higher yields likely won't last much longer. The Federal Reserve appears poised to begin lowering rates later this year, making right now a prime time to lock in yield. One of the best opportunities is high-yield dividend stocks. Several companies offer yields over 4%.

Meanwhile, unlike bonds and bank CDs, many of those payouts should rise in the coming years. That sets their investors up to earn a potential lifetime of increasingly lucrative passive income. Four great options to grab right now are Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), Kenvue (NYSE: KVUE), Mid-America Apartment Communities (NYSE: MAA), and Williams (NYSE: WMB).

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Source Fool.com