§351.8. When is interest payable on Series EE savings bonds?
31 C.F.R. § 351.8
Interest on a bond accrues and becomes part of the redemption value. Interest earnings are payable upon redemption.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.
Source
Source: 68 FR 24796, May 8, 2003, unless otherwise noted.