Would you use the equity in your properties to create income

[MarZia RiVera]

Hello All

I am considering utilizing the equity in my properties that will create enough income to cover the expense of the heloc and make a decent amount of money.  

For example my home has $200k available to pull on a heloc, the interest on the heloc I would pay is approx 3.9%, the savings deposit I will place the funds in to will earn me approx 9.9%.  I am told it's insured by a bond, it's riskLESS, I will receive a payment quarterly, would have to leave the funds in deposit minimum 3 years. 

Keep in mind I can pay off the heloc at anytime earning the full amount. What are your thoughts?  Would you use the equity in your properties to create additional income? 

Thanks for your response

MarZia