31 CFR 359.8 - How does interest accrue on Series I savings bonds?

Regulations last checked for updates: Nov 22, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024

View all text of Subpart A [§ 359.0 - § 359.24]

§ 359.8 - How does interest accrue on Series I savings bonds?

A bond accrues interest based on both a fixed rate of return and a semiannual inflation rate. A single, annual rate called the composite rate reflects the combined effects of the fixed rate and the semiannual inflation rate. For more information, see appendix B of part 359.

authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.

source: 67 FR 64278, Oct. 17, 2002, unless otherwise noted.

cite as: 31 CFR 359.8