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Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.359.16 When does interest accrue on Series I savings bonds?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) Interest, if any, accrues on the first day of each month;  that is, we add the interest earned on a bond during any given month to its value at the beginning of the following month.

(b) The accrued interest compounds semiannually.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.359.16 When does interest accrue on Series I savings bonds? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-31-money-and-finance-treasury/cfr-sect-31-359-16/

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