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Current as of October 02, 2022 | Updated by FindLaw Staff
We determine the savings bond rate by compiling 5–year Treasury securities yields as of the close of business for each day of the previous six months and calculating the monthly average to the nearest one-hundredth of one percent. We then determine the savings bonds rate by taking 90 percent of the 6–month average and rounding the result to the nearest one-hundredth of one percent.
Cite this article: FindLaw.com - Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.351.13 What do I need to know about the savings bond rate to understand redemption value calculations in this subpart? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-31-money-and-finance-treasury/cfr-sect-31-351-13/
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