On the evening of the 30th Beijing time, the U.S. Treasury Department announced on Tuesday that from May 1 to October 2024, Series I Savings Bonds will pay 4.4%pennslammeriii6500hs.28% annual interest.

The latest I bonds are inflation-linked, with interest rates below the 5.5 percent offered since November.pennslammeriii6500hsThe annual interest rate of..27%, which is slightly lower than the annual interest rate of 4.3% for similar bonds issued in May 2023.

Current Series I bond owners will also seepennslammeriii6500hsTheir interest rate adjustment depends onpennslammeriii6500hsWhen they purchased assets. Interest rate adjustments are made on a six-month schedule starting from the original purchase date.

Series I bonds are special bonds issued by the U.S. Treasury Department. They are non-market and interest-bearing savings bonds of the U.S. government that provide inflation protection and protect investors 'purchasing power. Such bonds are not FDIC insured, but can be considered capital protected.