1. Regulations
  2. title 31
  3. chapter II
  4. part 359
  5. subpart A
  6. § 359.8

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